For this new policy, many people in the industry said that the strength and comprehensiveness are the highest since this year. Sheng Songcheng, a professor at China Europe International Business School and former director of the Survey and Statistics Department of the People's Bank of China, said that this financial measure is expected to promote a "soft landing" of the real estate industry, help China's economic and financial stability and focus on solving people's livelihood concerns.
The document is confirmed to be true, and the 16 measure involves the upstream and downstream industrial chain of real estate.
The Beijing News reporter noted that the above-mentioned notice was issued by the General Office of the People's Bank of China on June 5438+065438+ 10/1,and the main sending units included branches, branches of the Banking Insurance Regulatory Commission, banks, trust, insurance and financial asset management companies, and copied to the dealers' association.
In this regard, on the afternoon of June165438+1October 14, the relevant staff of China People's Bank confirmed the authenticity of the notice to reporters. "At present, this document is only circulated within the People's Bank of China, China Banking and Insurance Regulatory Commission and other relevant departments, and will not be released to the public for the time being, nor will it be distributed to real estate development enterprises and individuals. What is certain is that the document is true and is being implemented. " The relevant staff of China People's Bank did not further disclose the specific implementation progress.
The Beijing News reporter found out that the New Deal involved 16 measures, including real estate development loans, personal loans, stock financing extension, trust financing, bond financing, special loans for Baojiaolou, personal credit protection, centralized loan extension, and housing leasing finance, covering both supply and demand, and supporting financing through multiple channels. This "Notice" covers the upstream and downstream industrial chain of real estate, from construction loans to housing development loans, personal mortgages, and then to leasing financing.
"Since the marginal adjustment of real estate policy at the end of September, 20021,this policy is the strongest and the measures are the most specific." Sheng Songcheng said.
Specifically, 16 New Deal has several bright spots. Among them, it is proposed to stabilize real estate development loans, adhere to the "two unwavering", and treat state-owned and private real estate enterprises equally. Encourage financial institutions to focus on supporting the steady development of real estate enterprises with perfect governance, outstanding main business and good qualifications. Support the project host bank and syndicated loan model, strengthen the management of the whole process of loan approval, issuance and recovery, and effectively ensure the safety of funds.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that "two unwavering" is actually aimed at three discriminatory real estate credit lending practices, namely, less support for private enterprises, less support for real estate enterprises focusing on real estate main business, and neglect of support for the whole real estate enterprise due to project explosion. This adjustment is helpful to correct the working ideas of financial institutions, ensure the impartiality of policy implementation and enhance execution.
In terms of supporting the reasonable extension of stock financing such as development loans and trust loans, the notice pointed out that for stock financing such as development loans and trust loans of real estate enterprises, on the premise of ensuring the security of creditor's rights, financial institutions and real estate enterprises are encouraged to negotiate independently on the basis of commercial principles, and actively support them by extending stock loans and adjusting repayment arrangements to promote the completion and delivery of projects. If it expires within the next 6 months from the date of issuance of this notice, it may be allowed to exceed the original provisions by 65,438+0 years, without adjusting the loan classification, and the loan classification submitted to the credit information system is consistent with it.
In addition, in terms of financing credit enhancement, support high-quality real estate enterprises to issue bonds for financing; Encourage asset management products such as trusts to support the reasonable financing needs of real estate. Especially the real estate trust financing, from the previous "suppression" to the current "encouragement", the policy has been greatly adjusted.
For Procter & Gamble House, which has attracted much attention, apart from supporting development policy banks to provide special loans for Procter & Gamble House, financial institutions are also encouraged to provide supporting financing support.
It is worth noting that in protecting the legitimate rights and interests of consumers of housing finance, we encourage independent consultation according to law to postpone the repayment of principal and interest. At the same time, the personal creditor's rights of deferred loans are effectively protected. If the repayment arrangements of individual housing loans are adjusted, financial institutions shall submit credit records in accordance with the new repayment arrangements; If it is determined by the judgment or ruling of the people's court that it should be adjusted, the financial institution shall adjust the credit record according to the effective judgment or ruling of the people's court, and adjust what has been submitted.
The New Deal has increased support for housing enterprises, which is conducive to stabilizing the real estate market.
Regarding the release of the 16 policy of financial support for real estate, a real estate industry insider said that the notice document is different from the previous statement and shows the policy orientation. This is the first time that the central bank and the China Banking Regulatory Commission have issued special documents on real estate financing since the real estate market is relatively depressed, which will have an important impact on the development of the industry.
When market confidence is fragile, the release of heavy benefits by the regulatory authorities will play a positive role in repairing market confidence. According to the analysis of the Central Reference Institute, from the market situation, the current real estate market sales have not improved significantly. Since June 1 1, the transaction area of commercial housing in Zhou Du, a key 50 cities, has still decreased 10% or more. The wait-and-see mood of buyers is still heavy, and the market activity is insufficient. It is expected that with the continuous implementation of favorable policies in the property market, the optimization of policies at both ends of supply and demand and the improvement of epidemic prevention policies will further enhance market expectations, especially in more core cities, which will lead to the release of local housing demand and the market will bottom out or appear.
Li, chief researcher of Guangdong Housing Policy Research Center, said that overall, the New Deal is a summary of a series of recent policies on financial support for real estate stability, which reflects the attitude of the regulatory authorities towards real estate finance, that is, stabilizing leverage and financing, avoiding the occurrence of systemic risks caused by failure and deleveraging, and the focus is also very prominent, that is, ensuring the rights and interests of property owners, financial consumers, and hoping to transform into new directions of real estate financing such as new citizens and leasing.
"The 16 policy of financial support for real estate is the strongest support policy for real estate enterprises this year, and it is expected to play a greater positive role in stabilizing the real estate market." Zhang Dawei, chief analyst of Zhongyuan Real Estate, said that in the first three quarters of this year, most of the support policies of the real estate market appeared on the demand side, and in the third quarter, they mainly focused on insurance projects. The biggest difference between the new policy and the previous policy is that it has increased support for real estate enterprises, and private and mixed-ownership housing enterprises will get stronger credit support in credit and bond financing. On the whole, the real estate regulation and control policy has been fine-tuned, the content has become more and more relaxed, and the policy has become more and more powerful. However, the confidence of the market has not fully recovered, and it is expected to include more powerful policies such as the funds for the continued construction of uncompleted residential flats and the interest rate reduction of existing mortgages.
Zhang Dawei believes that the current real estate industry is not facing a simple financial problem, and there are pressures in terms of land acquisition, sales, customers, loans and even homogenization product competition. Judging from the current monitoring data, interest rates in several cities have changed slightly. But at present, buying a house is a problem of stable income, and the superimposed population problem still affects the stability of the real estate market. This new policy is definitely good news, which proves that the policy will become more and more relaxed, especially after the housing enterprises rescue the market, there is still a lot of room for the mortgage interest rate to be lowered.