In view of the current real estate market, the plan points out to actively support residents' reasonable housing credit demand. Due to the city's policy, we will implement differentiated housing credit policies and reasonably determine the minimum down payment ratio and minimum loan interest rate requirements for commercial personal housing loans within our jurisdiction.
The plan puts forward six key tasks, the third of which is "promoting the stable and healthy development of the real estate market", which requires the provincial development and reform commission, the housing and urban-rural development department, the local financial supervision bureau, the Guangzhou branch of the People's Bank of China, the Guangdong Banking Supervision Bureau and other relevant units to implement according to their duties.
There are three key tasks:
Actively support residents' reasonable housing credit demand. Adhere to the positioning of "the house is used for living, not for speculation", and implement differentiated housing credit policies due to the city's policy, and reasonably determine the minimum down payment ratio and minimum loan interest rate requirements for commercial personal housing loans within its jurisdiction. Encourage banks to reasonably determine mortgage standards for new citizens who meet the requirements of the purchase policy, have the ability to purchase houses and have relatively stable income, and improve the convenience of loan repayment.
Do a good job in financial services for real estate enterprises' M&A risk disposal projects. All localities should urge real estate enterprises involved in risks to actively help themselves, and relevant departments at the provincial level should strengthen coordination and guidance and promote project docking. Encourage financial institutions to increase their support for high-quality real estate projects and support the "Education Building" in accordance with the principles of marketization and rule of law. Support financial institutions to provide bond issuance, financing consultancy and other services for the transfer and merger of risk disposal projects of key real estate enterprises. Encourage high-quality real estate enterprises to issue corporate credit bonds and raise funds for M&A risk disposal projects. Explore the new mode of Guangdong financial asset management company and local financial asset management company participating in the asset disposal of high-risk housing enterprises.
Improve the long-term mechanism for the virtuous cycle development of finance and real estate. Support financial institutions to actively meet and satisfy the demand for financial services such as development and construction, purchase, renovation, operation management and transaction settlement of affordable rental housing. Support listed real estate enterprises to actively transform and develop new models according to laws and regulations, strengthen their own risk management, and improve the bond financing support mechanism. Support insurance funds to provide long-term financial support for affordable rental housing projects through direct investment or subscription of debt investment plans, equity investment plans, and insurance private equity funds. Encourage financial institutions to moderately increase working capital loans and other support efforts to meet the reasonable financing needs of construction enterprises and maintain sustained and stable financing of construction enterprises.