On 2002 1 June1day, China Banking Regulatory Commission held a press conference on recent key supervision work. Liang Tao, member of the Party Committee and Vice Chairman of China Banking and Insurance Regulatory Commission, China, said at the press conference that the current bubble of real estate financialization has been curbed, real estate financing has shown the characteristics of "five consecutive declines", and the problem of excessive capital flowing into the real estate market has been initially reversed.
Real estate financing shows the characteristics of "five consecutive declines"
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 in 2020, 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.