First, the growth rate of real estate loans continued to decline. By the end of April, real estate loans in the banking industry had increased by 10.5% year-on-year, the lowest growth rate in eight years, and it has been lower than the growth rate of various loans since 20021. Second, the concentration of real estate loans continued to decline, and the proportion of real estate loans in various loans decreased by 0.5 percentage points year-on-year, which has been declining for seven consecutive months.
Third, the scale of real estate trust continued to decline, and the balance of real estate trust decreased by about 13.6% compared with the same period of last year, showing a continuous downward trend since June 20 19. Fourth, the scale of wealth management products invested in non-standard real estate assets continued to decline, and the balance of related wealth management products decreased by 36% year-on-year, and continued to decline in the past year.
Fifth, the scale of funds invested by banks in the real estate sector through special purpose vehicles continued to decline, and the scale of related businesses decreased by 26% year-on-year, which was a continuous decline of 15 months.
CBRC: The bubble of real estate financialization has been contained.
On June 1 day, the CBRC held a press conference to inform about the recent key supervision work.
According to the data of the China Banking Regulatory Commission, as of the end of April, the domestic total assets of the banking industry increased by 8.3% year-on-year, and RMB loans to the real economy increased by 12.7% year-on-year. The total assets of the insurance industry increased by 1 1.4%, and the original insurance premium income increased by 6.5%. The asset growth rate of bank insurance institutions is reasonable and moderate, which not only meets the needs of the recovery and development of the real economy, but also avoids the excessive growth pushing up the leverage ratio.
Liang Tao, vice chairman of the CBRC, said that since the beginning of this year, the CBRC has paid more attention to serving the real economy, helped market players to recover and enhance their vitality, and at the same time handled the relationship between economic recovery and risk prevention as a whole. The banking and insurance industries have maintained a good momentum of steady operation. In addition, the problem of excessive capital inflow into the real estate market has been initially reversed, and the momentum of the real estate financialization bubble has been curbed.