According to the news, in order to alleviate the risk sentiment in the real estate bond market and better help "guarantee the building", the head office of the People's Bank of China recently instructed the Association of Interbank Market Dealers to issue a special policy, expanding the scope of the inter-bank bond market from national housing enterprises to local high-quality private housing enterprises, and organizing China Bond Credit Enhancement Company to provide credit support to private housing enterprises that intend to issue bonds.
The Housing and Urban-Rural Development Department of Henan Province immediately conveyed the relevant policy requirements to the real estate management departments at all levels, and selected high-quality private enterprises that met the requirements at the prefecture level. Since the beginning of this year, the interbank market has continued to strive to innovate products and services and support private housing enterprises to raise funds in the interbank bond market. The scope of support is further expanded, from national large-scale housing enterprises to local high-quality private housing enterprises, which will provide more financing opportunities for local high-quality private housing enterprises in Henan Province and promote the confidence recovery of the real estate market in Henan Province.
According to the policy content, local high-quality private housing enterprises, namely bond issuers, must meet the above conditions such as sufficient assets, good credit and strong market influence. The specific credit enhancement mode is supported by China Bond Credit Enhancement Company to private housing enterprises that intend to issue bonds, including the following three modes:
First, after the local guarantee and credit enhancement institutions or local state-owned enterprises provide counter-guarantees, China Bond Credit Enhancement Company will provide guarantee and credit enhancement for private housing enterprises that intend to issue bonds.
Second, after the private housing enterprises that intend to issue bonds provide sufficient collateral such as real estate, land and equity, China Bond Credit Enhancement Company will provide guarantee and credit enhancement for them.
Third, China Credit Promotion Company and relevant financial institutions will create credit risk mitigation certificates for private housing enterprises interested in issuing bonds. Credit risk mitigation certificate refers to a negotiable and liquid certificate created by an institution other than the bond issuer, which provides credit risk protection for the certificate holder of the underlying debt.
According to the regulations, the funds raised by private housing enterprises issuing debt financing instruments can be used for the construction and repurchase of ordinary commercial housing projects, as well as the repayment of domestic and foreign bonds and supplementary liquidity. Eligible private housing enterprises can contact the local real estate development authorities before 1 1.05, which will be reported by the municipalities.
Prior to this, on June 5438+065438+1October 8, the Association of Interbank Market Dealers released a message, insisting on "two unshakable" policies and measures to stabilize the economy and support the healthy development of private enterprises. With the support and guidance of the People's Bank of China, the Dealers Association continues to promote and expand the bond financing support tool for private enterprises (the "second arrow"), and supports private enterprises, including real estate enterprises, to issue bonds for financing.
The "Second Arrow" is financed by the refinancing of the People's Bank of China. It entrusts professional institutions to support private enterprises in issuing bonds and financing according to the principles of marketization and rule of law by means of guaranteeing credit enhancement, creating credit risk mitigation certificates and purchasing bonds directly. It is estimated that it can support about 250 billion yuan of private enterprise bond financing, which can be further expanded according to the situation.
165438+1October 9, official website, China Bond Credit Enhancement Investment Co., Ltd. issued the Notice on Receiving Credit Enhancement Business Materials of Private Enterprise Bond Financing Support Tools, which shows that in order to further promote the work of private enterprise bond financing support tools and increase credit enhancement services for private real estate enterprises, interested private real estate enterprises can submit credit enhancement requirements to China Bond Credit Enhancement Company by filling in the project demand intention form, and the company will
At present, housing enterprises such as Longhu, Xincheng Holdings and Poly Development have announced the progress in the registration of debt financing instruments.