Since the beginning of this year, in response to the national policy of "housing and not speculating", cities across the country have gradually relaxed their policies in various aspects according to local specific conditions. On March 16, many departments made a heavy voice, emphasizing the prevention and resolution of real estate market risks, steadily advancing, and completing the rectification work of the big platform company as soon as possible. The data shows that as of March 2 1, the real estate development sector increased by 2.37% in the past week, 3.79% in the last month and 4.49% in the last quarter.
Liu Shui, research director of Enterprise Division of Central Reference Institute, said that up to now, at least 10 real estate enterprises have obtained financing loans for mergers and acquisitions, and the climax of this acquisition occurred when the market was in a downturn. Under normal circumstances, when the market is booming, there are also many mergers and acquisitions. When the market goes up, enterprises expect better and will actively expand their scale through mergers and acquisitions.
The financing of real estate M&A through various channels has exceeded 654.38+05 billion yuan.
As of March 23rd, statistics of Central Plains Index Research Institute show that M&A financing in real estate has exceeded 654.38+050 billion yuan. The direct bond financing of housing enterprises accounted for 4.6%, the M&A loan amount issued by banks accounted for 66.0%, and the housing enterprises * * * received 70% of the total financing amount, of which private enterprises received 4 1.6% of the funds; In addition, M&A debt financing of financial institutions is 29.4%.
Source: China Finger Institute.
The reporter learned that on March 3rd, China Great Wall Asset Management Co., Ltd. (hereinafter referred to as "China Great Wall Asset") was approved to publicly issue/kloc-0.00 billion yuan financial bonds in the national inter-bank bond market. It is reported that the raised funds will be mainly used for the risk resolution and disposal of high-quality projects of key real estate enterprises, the main business of related non-performing assets such as real estate industry bail-outs, and the repayment of maturing bonds.
China Great Wall Assets stated that it will adhere to the principles of legal compliance, controllable risks and sustainable business, and carry out financial business related to risk disposal of real estate enterprises in a safe and orderly manner. The issuance of this bond is conducive to the company's service to the real economy, providing long-term and low-cost funds for the entity enterprises to bail out risks, and promoting the virtuous circle and healthy development of the real estate industry.
This is another AMC (National Financial Asset Management Company) after China Orient Asset Management Co., Ltd. (hereinafter referred to as "Orient Asset") to join the ranks of issuing bonds to raise funds to resolve risks in the real estate industry.
As the second AMC approved to issue financial bonds for real estate assistance, the amount of financial bonds issued by China Great Wall Assets is the same as that approved by Orient Assets on February 2 1.
Generally speaking, M&A's financing from various channels has gradually benefited central enterprises and private enterprises in state-owned enterprises. In addition to M&A financing, other financing channels of some stable private enterprises are gradually expanding.
In fact, in addition to AMC, banks have long raised funds by issuing M&A bonds in the open market to bail out housing enterprises. Not only that, many banks also signed strategic cooperation agreements with real estate enterprises this year to provide M&A financing lines for real estate enterprises.
It is understood that since February, as of March 18, Shanghai Pudong Development Bank, China Guangfa Bank, Ping An Bank, Industrial Bank and other banks have announced M&A bond issuance plans for housing enterprises ranging from 5 billion to 0 billion, supporting high-quality housing enterprises to carry out mergers and acquisitions.
On March 12 and 17, Zhongnan Construction announced that Jiangsu Zhongnan Construction Industry Group Co., Ltd., a wholly-owned subsidiary, received a loan of 220 million yuan from Huaxia Bank and a loan of1800,000 yuan from Bank of Communications.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, said in an interview with the reporter of China Times that the current real estate insurance asset acquisition and merger market presents three characteristics. First of all, the disposal of such assets is considered to be an important measure to prevent risks in the real estate market and real estate enterprises this year. Secondly, there are many financing policies to support the disposal of insurance assets, involving the financing of different entities such as banks, housing enterprises and asset management companies. Thirdly, the market was generally at the bottom stage in the first quarter, and it is expected that such mergers and acquisitions will increase in the second quarter.
Policy support has increased.
Last year, the real estate industry tightened and the pressure on housing enterprises increased. Since the beginning of this year, in response to the national policy of "housing and not speculating", cities across the country have gradually relaxed their policies in various aspects according to local specific conditions. As of mid-March, more than 50 cities have loosened the property market policy this year.
At the end of last year, the Central Bank and the China Banking Regulatory Commission issued the Notice on Doing a Good Job in Financial Services for the Merger, Acquisition and Reorganization of Risk Disposal Projects of Key Real Estate Enterprises (hereinafter referred to as the Notice), aiming at encouraging banks to carry out M&A loan business in a sound and orderly manner, and focusing on supporting high-quality real estate enterprises to merge and reorganize high-quality projects of large real estate enterprises in danger.
Since the beginning of this year, in order to continue to mobilize the enthusiasm of real estate enterprises for M&A, the policy of debt M&A loan has been implemented. For the debt acquisition insurance enterprise project, the relevant M&A loans are no longer included in the "three red lines" related indicators.
It is understood that since the beginning of this year, China Merchants Bank has issued more than 5 billion yuan in loans in M&A. The largest one is the 20 billion M&A financing line granted to China Resources Land at the end of this year 1. In addition, China Merchants Bank granted financing quotas to Country Garden, Joy City Holdings, China Resources Vientiane Life and Midea Real Estate respectively, with the quotas of 654.38+0.5 billion yuan, 654.38+0 billion yuan, 3 billion yuan and 6 billion yuan respectively, and the financing purposes all included M&A loan business.
March 16 Multi-departments voiced their support for the real estate industry. The the State Council Financial Stability and Development Committee held a special meeting, pointing out that it is necessary to study and put forward a strong and effective risk prevention and resolution response plan and supporting measures for a new model of transformation and development.
Subsequently, the central bank, China Banking Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange and other departments held a special meeting to study and implement the spirit of the the State Council Financial Committee meeting. The central bank said that it is necessary to persist in striving for stability, prevent and resolve risks in the real estate market, make steady progress, and complete the rectification of large platform companies as soon as possible. The CBRC held a special meeting to emphasize actively promoting the transformation of the development mode of the real estate industry, encouraging institutions to carry out M&A loans in a steady and orderly manner, focusing on supporting high-quality housing enterprises to merge and acquire high-quality projects of difficult housing enterprises, and promoting the virtuous circle and healthy development of the real estate industry.
After many ministries and commissions released positive signals for the real estate industry, the real estate sector grew strongly in March 17. As of the close of the evening, Sunac China rose by 59.03%, new town development rose by 47.7%, Longguang Group and Times China all rose by more than 42%, and R&F Real Estate, Caesar, Xuhui Holding Group and Shimao Group all rose by more than 30%.
The data shows that as of March 2 1, the real estate development sector increased by 2.37% in the past week, 3.79% in the last month and 4.49% in the last quarter.
According to industry insiders, under the macro background of "steady growth", the policy dividend of the real estate industry will continue to be released, and market confidence is being boosted.