Just now, the People's Bank of China and the Banking and Insurance Regulatory Commission of China issued the.
Notice on doing a good job in financial support for the stable and healthy development of the real estate market
"Introduced"
Sixteen bars
Support the stable and healthy development of the real estate market
A lot of information ......
Specifically including:
1, stabilize real estate development loans;
2. Support the reasonable demand for individual housing loans;
3. Stabilize the credit supply of construction enterprises;
4. Support the reasonable extension of stock financing such as development loans and trust loans;
5. Keep bond financing basically stable;
6. Maintain the financing stability of asset management products such as trust;
7. Support development policy banks to provide special loans for "Baojiao Building";
8. Encourage financial institutions to provide supporting financing support;
9. Do a good job in financial support for real estate project mergers and acquisitions;
10, actively explore market-oriented support methods;
1 1. Encourage independent negotiation according to law to postpone the repayment of principal and interest;
12. Effectively protect the personal creditor's rights of deferred loans;
13. Extend the transitional arrangements for the centralized management policy of real estate loans;
14, optimize the M&A financing policy of real estate projects in stages;
15, optimizing the rental credit service;
16. Broaden diversified financing channels in the leasing market.
16 content, involving
Development loan, trust loan, M&A loan, secured property, housing enterprise rescue, loan extension, construction enterprise loan, lease financing, personal mortgage and credit report.
And other real estate upstream and downstream financing. There are several highlights:
First, the document requires stable real estate development loans, especially requiring "all kinds of real estate enterprises such as state-owned and private enterprises to be treated equally"
; Financial institutions reasonably distinguish the risks of project subsidiaries and group holding companies, and meet the reasonable financing needs of real estate projects in accordance with the principle of marketization on the premise of safe creditor's rights and closed funds. At the same time, it supports the project sponsor bank and syndicated loan model.
Expand the full text
Second, from the perspective of the regulatory authorities, we call on banks and the banking supervision system to support the reasonable extension of stock financing such as development loans and trust loans and adjust repayment arrangements. Specifically: from 1 65438+1October1day, if it expires in the next six months, it can be extended beyond the original provisions for1year, without adjusting the loan classification, and the loan classification submitted to the credit information system is consistent with it.
The third is to encourage asset management products such as trusts to support the reasonable financing needs of real estate.
This is difficult to see in the past documents and caliber, because trust is a financial product used by private housing enterprises.
Fourth, support the development of policy banks such as China Development Bank and Agricultural Development Bank, and provide special loans for housing enterprises to "ensure the delivery of buildings".
However, the borrower needs to be audited and filed by the regulatory authorities, and the funds are closed for special purposes, which can only be used for sold residential projects that are difficult to deliver after the deadline, with the aim of ensuring delivery.
Fifth, the supporting fund support of Baojiao Building.
Providing additional supporting financing for the projects supported by the above-mentioned special loans, which not only involves property buyers, but also resolves the risk of individual housing loans that have not been handed over; It also involves insolvent projects. For example, the surplus value can cover special loans and new matching financing, or the source of repayment can be clarified to encourage financial institutions to provide new matching financing support.
Sixth, the two ministries and commissions issued "exemption clauses".
From165438+1October 1 1, the matching financing provided by banks to special loan support projects will not reduce the risk classification within the loan period; After the new and old debts are written off, the borrower will be managed as a qualified borrower. It is worth noting that "the newly issued supporting financing situation is not good, and the relevant institutions and personnel have fulfilled their responsibilities, which can be exempted".
Seven, the bank's "two red lines" were loosened to extend the policy transition period.
On June 5438+February 3, 2020/KLOC-0, the central bank issued the Notice on Establishing a Centralized Management System for Real Estate Loans of Banking Financial Institutions, which drew two red lines for banks to issue real estate loans. Circular No.254 proposes that banks that are unable to meet the requirements of the two red lines as scheduled due to objective reasons such as the epidemic situation should be assessed by the central bank and the institutions dispatched by the China Banking Regulatory Commission to reasonably extend their transition period. The promulgation of "No.254 Document" is a landmark action for the regulatory authorities to bail out the real estate industry for more than a year.
First of all, the support or assistance of the regulatory authorities to the real estate industry has changed from verbal guidance to red-headed documents, which have been distributed to banks, banking supervisors, trusts and asset management institutions.
Previously, whether the central bank convened a meeting of commercial banks in April to discuss 12 real estate enterprise mergers and acquisitions and the disposal of non-performing assets, or named demonstration housing enterprises to provide financing support, or Zhongzengxin Company promoted the issuance of secured bonds in August, or the "second arrow" of 5438+0 1 in June, it was conveyed orally through meetings and windows.
Secondly, Circular 254 was jointly issued and implemented by the central bank and the China Banking Regulatory Commission. The central bank and China Banking and Insurance Regulatory Commission have the functions of monetary policy and financial supervision respectively.
From a practical point of view, the central bank can link with the banking supervision department, and the policy implementation will be even stronger.
Third,
The central bank and the China Banking Regulatory Commission not only provided directional guidance, but also clarified the exemption clauses in detail. In order to dispel the concern of employees of financial institutions that the bad real estate financing products will affect their personal experience, "No.254 Document" proposes that relevant institutions and personnel with poor supporting financing can be exempted from liability, provided that they have fulfilled their responsibilities.
Generally speaking, the expression of "Central Bank 16 Document" is important and informative.
It will have a positive and important impact on the current real estate market.
The specific documents are as follows: