Judging from the recent intensive disclosure of A-share listed banks' interim reports, banks are generally cautious about housing-related loans. Not only did the growth rate of individual housing loans generally decline in the first half of the year, but also the real estate development loans were subject to a strict list system, and the credit line was managed at the same time. According to the bank's statement and industry analysis, subject to the continuous tightening of regulatory policies, the bank's housing-related capital port will be further tightened in the second half of the year, and the growth rate of related businesses will continue to slow down.
Bank loans related to housing have declined steadily.
Bank housing loans mainly involve personal housing loans and real estate development loans. Judging from the data of big banks and stock banks listed on A-shares, the overall growth rate of individual housing loans has declined. Wind data shows that in the first half of the year, compared with the end of 20 18, the growth rate of personal housing loans of the above banks was 6.4%, which was lower than the growth rate of nearly 7% in the same period last year.
Wind data shows that the growth rate of personal loans of the four major banks in the first half of the year was mostly stable at around 7%, of which the growth rate of China Construction Bank was only 4.3%. In joint-stock banks, the growth rate of individual housing loans is obviously differentiated. Compared with the end of last year, the growth rates of individual housing loans of CITIC Bank, Shanghai Pudong Development Bank, China Merchants Bank and Huaxia Bank were all above 10%, which were 14%, 13. 1%, 165 and 438+0.5 respectively. Ping An Bank, Minsheng Bank and China Everbright Bank were 3%, 4.8% and 3.5% respectively. However, even for banks with 10% or more, the growth rate is generally lower than that of the same period last year.
In terms of real estate development loans, at present, most banks are cautious in granting credit to the real estate industry and implement a very strict list system to control related business risks.
According to the data disclosed by CCB, the growth rate of its real estate development loans dropped by 6.55 percentage points in the first half of the year. At the same time, CCB carefully chose real estate development loans, and the NPL ratio of 0.8 1% this year decreased by 0.3 percentage points compared with the beginning of the year.
Wang Liang, vice president of China Merchants Bank, said at the telephone promotion meeting of interim results in 20 19 that China Merchants Bank has been implementing quota management for real estate development loans at the head office level, that is, the annual incremental loans will not exceed a certain amount, and this year it will continue to adhere to the quota management strategy, and it is expected that the number of real estate development loans will be very small in the second half of the year.
A related person from the credit approval department of a joint-stock bank told reporters that real estate enterprises have always been the key monitoring targets of their banks. Banks have been monitoring the leverage ratio of real-time housing enterprises and dynamically adjusting the credit approval white list according to the leverage ratio.
The real estate financial policy continues to be strict.
The bank's prudent real estate loan policy is not unrelated to the national policy tone of "housing and not speculating". Recently, the regulatory authorities once again intensively released multiple signals, and it is expected that the real estate financial policy will be more stringent in the later period.
Following the July window guidance requiring some banks to control the growth rate of real estate loans, the CBRC recently issued a special inspection notice on real estate business again, focusing on the real estate business of banks in 32 cities in four major fields, and proposed that banks should pay attention to the management of real estate development loans and land reserve loans in credit management, including strengthening concentration management, examining the authenticity of capital sources, implementing minimum capital ratio requirements, and examining enterprise qualifications. On August 30th, the Circular on On-the-spot Inspection of Some Local Small and Medium-sized Banking Institutions issued by China Banking Regulatory Commission once again mentioned that some local small and medium-sized banking institutions illegally provided financing for real estate projects with complete "four certificates" and illegally issued credit loans to related parties.
At the symposium on the adjustment and optimization of credit structure of banking financial institutions, the central bank also "named" the real estate industry to occupy more credit resources and put forward specific requirements for the real estate credit field. At the same time, the central bank has clearly emphasized that the mortgage interest rate will not fall under the condition that the new mortgage interest rate is based on LPR.
Dong Ximiao, chief researcher of Wang Xin Bank and special researcher of the National Finance and Development Laboratory, told the reporter that overall, from the perspective of real estate finance, the current regulation has been and will continue to be implemented in three aspects: First, tightening bank credit funds to enter the real estate market, such as improving real estate development loan conditions and reducing loan quotas; The second is to tighten funds to enter real estate projects through channels such as trusts, such as "window guidance" of real estate trusts; The third is to tighten the conditions and quotas of personal housing loans, raise the loan interest rate, and strictly control the illegal inflow of personal consumption loans and credit card funds into the real estate market. In addition, the issuance of corporate bonds by real estate enterprises can be strictly supervised.
Li Wanfu, an analyst with Rong360 Big Data Research Institute, also told reporters that from the attitudes of various regulatory authorities, all aspects of financial supervision of housing are relatively strict, and bank credit, trust, funds and insurance have all ushered in comprehensive control.
Banks' housing-related funding ports will be tightened again.
With the tightening of regulatory policies, a number of banks have indicated that they will strengthen the overall control of housing financing business, whether it is personal mortgage business, real estate development loan business, or related bond underwriting and wealth management financing business, they will further strictly access and strengthen risk control. Li Wanfu also said that in the second half of the year, the financing of bank housing-related loans will inevitably be tightened, and the growth rate of real estate development loans will slow down.
China Merchants Bank reported that in the second half of the year, the growth rate of individual housing loans is expected to slow down compared with the first half of the year due to the rapid increase in the leverage ratio of residents and the related policies of real estate regulation. Wang Liang also said that China Merchants Bank will adopt a more prudent and prudent strategy for real estate loans in the second half of the year, including both real estate development loans and housing mortgage loans.
Wang Wei, deputy governor of the Agricultural Bank of China, said that personal housing mortgage loans will be strictly examined, indicators such as the minimum down payment ratio and the income-to-loan ratio will be implemented, and the borrower's qualification examination and the authenticity verification of the down payment source income will be strengthened to prevent false mortgages and personal consumption loans from being misappropriated for buying houses. He also said that it is necessary to steadily carry out credit-like business in the fields of bond investment, wealth management and financing, bond underwriting, etc. of real estate enterprises, strengthen the verification of the legality of projects and the use of funds, and prevent funds from flowing into the real estate market in violation of regulations.
Insiders said that on the one hand, it is necessary for banks to tighten the port of housing-related funds, on the other hand, it is also conducive to strengthening their own business risk control. Some bank interim reports have clearly pointed out that "the real estate market is divided and the risk of real estate development loans is increased."
"For key areas such as hidden debts of local governments, real estate and overcapacity industries, we will continue to maintain risk investigation and continue to find out the base. At the same time, for customers with high potential risks, we will formulate policies according to specific conditions, clarify responsibilities, track them in time, and resolve potential risks in advance. " Liu Jiandong, risk director of China Bank, said.
Dong Ximiao also said that the adjustment of individual housing loan interest rates within the policy framework should be decided by commercial banks. However, we should also see that the leverage ratio of China's household sector has risen rapidly in recent years, and potential risks have been accumulating. In recent years, in the case of relatively abundant liquidity and declining debt cost, commercial banks should keep a clear understanding, operate personal housing loan business cautiously, and do not send wrong signals to the market. This is not only the need to prevent and control their own business risks, but also conducive to stabilizing the leverage of the family sector and curbing the real estate market bubble.