Beijing Banking Regulatory Bureau recently stated that in 20 18, it is necessary to take "housing and not speculation" as the goal, prevent all kinds of funds from illegally entering the real estate market, and gradually reduce the speed and scale of bank funds flowing into the real estate market through loans, investment, wealth management and trust.
Shanghai Banking Regulatory Bureau also issued a notice recently, requiring commercial banks within its jurisdiction to strictly abide by the regulatory requirements for large loans for real estate development and not to issue any form of loans to real estate projects with "four certificates incomplete"; Real estate development land acquisition or real estate development land project company equity acquisition should be based on the principle of penetrating supervision.
Regarding the tightening of real estate credit policy, Yan Yuejin, research director of think tank center of Yiju Research Institute, pointed out that policy regulation is similar to a tightly woven regulation network. In the short term, some housing enterprises will reduce their aggressive practices when taking land, some land will be auctioned, some plots that have entered the development stage will face operational pressure, and the probability of unfinished projects will increase. But in the long run, strict supervision can make the real estate market form a more healthy and lasting development trend, and various phenomena such as inflated land prices and short-term speculation will be reduced, which is conducive to the optimization of the competitive environment.