Heavy! It’s about real estate!

On January 25th, the State Council Press Office held a press conference, and the relevant person in charge of the General Administration of Financial Supervision introduced that up to now, the balance of real estate development loans and personal housing loans in China was 12.3 trillion yuan and 38.3 trillion yuan respectively. In 2023, Chinese banks issued 3 trillion yuan of development loans and 6.4 trillion yuan of housing mortgage loans respectively, which add up to nearly 10 trillion yuan. In addition, in 2023, banks also provided real estate enterprises with M&A loans and stock extension loans, which add up to more than 1 trillion yuan.

As for Baojiaolou, by the end of 2023, most of the 350 billion yuan special loan for Baojiaolou has been put into the project, and commercial banks have also provided corresponding commercial supporting financing to ensure the completion of the task of Baojiaolou.

The relevant person in charge of the General Administration of Financial Supervision said that in order to maintain the stable and healthy development of the real estate market, the following main tasks will be focused on in the near future:

First, accelerate the implementation of the coordination mechanism of urban real estate financing. Under the coordination mechanism led by the city government, according to the principle of fairness, the list of real estate projects that can be given financing support is pushed to financial institutions within their respective administrative areas. Financial institutions shall evaluate the support objects pushed by the coordination mechanism according to the principles of marketization and rule of law, and actively meet the reasonable financing needs for projects with normal development and construction, sufficient collateral, reasonable assets and liabilities and guaranteed repayment sources; For projects that encounter temporary difficulties in development and construction, but the funds can be balanced, we should not blindly draw loans, pressure loans or cut off loans, but give greater support through the extension of existing loans, adjustment of repayment arrangements and new loans.

The second is to guide financial institutions to implement the management requirements for operating property loans. The Notice on Doing a Good Job in the Management of Operating Property Loans was issued on January 24th. The Notice allows banks to issue operating property loans. For real estate development enterprises with standardized operation and good development prospects, the operating property loans issued by national banks to these real estate enterprises can be used to repay their stock loans and open market bonds before the end of this year.

Third, we should continue to provide financial services for individual housing loans. Support local city governments and housing construction departments, further optimize individual housing loan policies such as down payment ratio and loan interest rate due to city policies, and guide and urge banks to better serve the financing needs of the broad masses of people’s rigid and improved housing.

The fourth is to guide and require banks and other financial institutions to vigorously support the construction of "three major projects" such as "emergency and emergency" major infrastructure and urban village reconstruction, and to form physical workload as soon as possible.

Original title: "Heavy! It’s about real estate! 》

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