Will the balance of operating loans rise? All right. In response to the impact of the COVID-19 epidemic on the real economy, the financial industry has increased its loan support to enterprises. This is an important reason for the increase in the balance of operating loans.
Think about it again, the balance of operating loans has risen so much, is it that all the funds are invested in entity enterprises? I'm afraid not. Behind the increase of more than 2 trillion, many operating loan funds have quietly flowed into the real estate market.
In response to the impact of the COVID-19 epidemic on the real economy, the banking industry has stepped up efforts to reduce fees and make profits. At present, the interest rate of corporate operating loans continues to fall, even lower than the personal mortgage interest rate. As a result, many people began to buy houses with commercial loans. Last year, some market institutions specialized in handling commercial loans for property buyers emerged everywhere, and many real estate agents even helped property buyers to handle commercial loans to buy houses.
Some banking institutions are also happy to see operating loans flowing into the real estate market. A bank loan officer once admitted that lending to property buyers is not only safe, but also efficient and worry-free. If the funds are invested in production enterprises, especially small and micro enterprises, post-loan management is time-consuming and laborious, and even sleeping at night worries that small and micro enterprise owners can't afford the money.
According to the data of the central bank, by the end of 2020, the national individual housing loan balance was 34.44 trillion yuan, a year-on-year increase of 14.6%. In order to prevent financial risks, the central bank and the China Banking Regulatory Commission have issued a notice to limit the proportion of bank housing-related loans, and the red line of real estate loans of several state-owned banks should not exceed 40%. In this context, it is particularly important to prevent operating loan funds from entering the property market.
For the regulatory authorities, we should be alert to the phenomenon that operating loan funds enter the property market, further tighten the reins of law enforcement and tighten the regulatory fence. At present, the banking insurance supervision sub-bureaus in Shanghai and Beijing have issued notices, saying that they will focus on personal housing credit management to prevent funds such as operating loans from illegally flowing into the real estate market. In the future, more local regulatory authorities need to pay attention to the "face change" of funds entering the property market and increase the crackdown on such violations.
For banks, it is necessary to further strengthen credit management and never turn a blind eye to the illegal entry of operating loans into the property market. In addition, the banking industry needs to further develop its ability to serve the real economy, and it can't be afraid to lend without real estate mortgage. Financial institutions need to make full use of scientific and technological means to enhance the scope and breadth of enterprises that financial services can reach, and truly pour living financial water into the real economy. Finance and the real economy should be closely related. Imagine if more than 2 trillion yuan of new operating loan funds flow into the physical production department.