So, why will the regulatory policy change after its introduction? What impact will it have on buyers?
Many people may not know that after the announcement, it clearly pointed out:
In other words, within the range of 2.5 percentage points, all localities can make active and flexible adjustments. At present, Guangdong, Hainan, Shanghai and Zhejiang have all made adjustments, taking Zhejiang as an example:
1, the third file: the upper limit of real estate loans and individual housing loans of Chinese small banks and non-county rural cooperative institutions have not been adjusted;
2. The fourth gear: the upper limit of real estate loan concentration of county-level rural cooperative institutions is increased by 1 percentage point;
3. Fifth gear: the upper limit of real estate loan concentration of rural banks will be increased by 2 percentage points.
On the one hand, Zhejiang is a strong private economy, and small and medium-sized banks are active. Taking city commercial banks as an example, there are 12 city commercial banks, namely: Hangzhou Bank, Bank of Ningbo Bank, Wenzhou Bank, Jinhua Bank, Shaoxing Bank, Jiaxing Bank, Huzhou Bank, Taizhou Bank, Chouzhou Bank, Tailong Bank, Mintai Bank and Ningbo Trading Bank. Among these city commercial banks, Bank of Ningbo has been registered in A-share 12 years, and Hangzhou Bank has also been listed, and its comprehensive competitiveness ranks among the top city commercial banks in China.
On the other hand, Zhejiang is the first province in China where the house price of all cities exceeds 1 10,000. According to the latest data, the housing prices of 77 cities in China have exceeded the 1 10,000 yuan mark, but Zhejiang is particularly prominent, because the housing prices of all prefecture-level cities in Zhejiang have exceeded 1 10,000 yuan, and it is the only province in China where the housing prices of all prefecture-level cities have exceeded 1 10,000 yuan. For example, in Lishui, which has the lowest GDP in Zhejiang, the house price has surpassed that in Wuhan, Hubei in September 2020.
Therefore, the regulatory authorities have reasonably raised the regulatory ceiling in economically active areas and given local financial institutions a more flexible and relaxed regulatory environment to support economic development.
In fact, the regulatory authorities issued the regulatory standards for these five banks in order to curb the excessive rise in housing prices through financial means. Although Zhejiang has appropriately raised the "red line" standard, this does not mean that supervision will become loose. It can be found that major cities such as Hangzhou have begun to strengthen their regulation and imposed stricter regulations on the conditions of buyers. Therefore, we believe that the impact on the purchase of houses by just-needed local residents will be small, and it will have a certain impact on the purchase of houses by non-just-needed or foreign residents.