Some insiders believe that the current high property prices in some hot spots are related to the illegal entry of other types of credit funds such as operating loans into the market. However, due to the remarkable effect of Beijing's early property market regulation policy, the price increase in other hot spots is relatively stable, and the arbitrage space is small. Therefore, compared with yesterday's notice from Shanghai Banking Supervision Bureau, Beijing has paid more attention to maintaining market order.
Focus on investigating and dealing with illegal acts such as operating loans used to pay the house price.
The Beijing Banking Insurance Regulatory Bureau said that the bank's self-examination focused on whether there were problems such as improper credit approval, inadequate management of entrusted payment and inadequate post-loan management, which led to the illegal use of consumer loans and operating loan funds to pay for house purchases, and asked banks to immediately rectify the problems found and strengthen internal accountability.
It is reported that the Beijing Banking Insurance Regulatory Bureau has set up a joint working group with the Business Management Department of the People's Bank of China and the Beijing Municipal Commission of Housing and Urban-Rural Development, and will go to banking institutions to carry out special inspections in the near future. Problems such as illegal inflow of consumer loans and operating loan funds into the real estate sector due to careless bank operation and inadequate internal control management will be dealt with seriously according to law once verified.
Dong Ximiao, chief researcher of Zhilian Finance, said that the current interest rate of bank operating loans is quite different from that of individual housing loans, which also creates arbitrage space. Some property buyers buy houses in this way, bypassing policies such as property market regulation.
Earlier, a reporter from Cailian found that the current operating loan interest rate of banks in Beijing is generally around 4%, generally not exceeding 5%. The personal mortgage interest rate in Beijing is higher than this level. Taking ICBC Beijing Branch as an example, the five-year LPR first home loan interest rate rose by 55 basis points, an increase of 5.2%; For the second suite, the 5-year LPR interest rate rose by 105 basis points, an increase of 5.7%.
A real estate industry insider bluntly told the Cailian reporter that since last year, the interest rate of operating loans has been generally low, and it is also common for all localities to enter the property market illegally. Through this channel, property buyers can arbitrage and real estate speculators can get cheaper loan prices, which is indeed one of the important reasons for the high property prices in Shanghai and Shenzhen.
However, Zhang Dawei, chief analyst of Zhongyuan Real Estate, believes that, on the whole, the property market in Beijing is more stable than other regions due to the strengthening of pre-control policies. There are few investors in real estate speculation, and operating loans enter the market illegally without making money. "Beijing's commercial loans entering the property market are likely to be used to buy school districts, but most of them are just needed rather than real estate speculation."
Beijing Banking Insurance Regulatory Bureau also said that in recent years, Beijing's real estate and related areas of credit has maintained a reasonable growth rate. Carry out personal housing mortgage loans, personal consumption loans and personal business loans in strict accordance with the principle of "legal compliance and prudent operation". In 2020, the average annual growth rate of personal housing mortgage loans, personal consumption loans and personal business loans within the jurisdiction of Beijing is 9.0, 14.3 and 6.2 percentage points lower than that of the whole country respectively.
The punishment will be aggravated under high pressure.
The Beijing Banking Insurance Regulatory Bureau stressed that the supervision of personal loan funds flowing into the real estate market in violation of regulations should remain high. Take the initiative to use big data technology, combined with off-site monitoring data, and comprehensively take various measures such as window guidance and on-site inspection to supervise the standardized development of credit business.
Beijing will continue to conduct special inspections on real estate enterprises. In view of the problems found in the inspection that personal credit funds illegally flow into the real estate sector, illegal banking institutions will be severely punished according to law. At the same time, strictly implement the system of "double punishment" between institutions and people, give warnings to relevant responsible persons, ban banking for a certain period of time and other administrative penalties, and strengthen supervision.
At the same time, the Beijing Banking Insurance Regulatory Bureau will also guide the Beijing Banking Association to take active actions in combination with the bank's self-examination and supervision and verification, and initiate a joint disciplinary mechanism for improper violations by individuals and intermediaries.
"It is not enough to just punish banks." Dong Ximiao told the Cailian reporter that there is indeed a blind spot in the post-loan management of banks. For example, individuals and intermediaries use funds through fraud and other processes, or directly withdraw cash, so it is difficult for banks to find out the subsequent use.
However, at present, Beijing Banking Insurance Supervision Branch has not made it clear how to punish individuals and intermediaries who violate the rules. The practice of Shanghai Banking Insurance Regulatory Bureau is considered by the industry to be worthy of emulation. Shanghai stipulates: "Any real estate agent who finds any irregularities such as providing down payment support for buyers and cooperating with a" packaging company "to help forge loan qualifications and income certificates will immediately terminate the cooperation and be blacklisted and submitted to the Shanghai Banking Association."
Yan Yuejin, research director of the think tank center of Yiju Research Institute, pointed out that in the past few years, intermediaries have participated in such fraudulent acts, which has indeed caused a bubble in the property market. Therefore, actively controlling the intermediary has also become the key. Subsequent down payment support and circumvention of purchase restriction through packaging will face various penalties.
The Cailian reporter found that some banks raised the threshold for buying houses through operating loans. A credit officer of a joint-stock bank told Cailian that the bank has raised the threshold for applying for operating loans and increased the review of the applicant's loan use. "I hope that in this way, funds will be prevented from illegally entering the property market."
The upper limit of bank loan concentration within the jurisdiction will be clarified.
Beijing Banking Insurance Regulatory Bureau also said that it will implement the centralized management policy of real estate loans. On the basis of comprehensive consideration of the bank's capital level, business development capability and the rationality of scientific measurement indicators, we will work with the business management department of the People's Bank of China to clarify the upper limit requirements for the concentration of real estate loans of Chinese-funded local corporate banks within their jurisdiction, and urge relevant banks to steadily carry out real estate-related businesses on the premise of meeting the "just-needed" needs of capital residents.
In fact, in June 5438+ 10, bank loans in many parts of the country showed a tightening trend. A previous survey by Cailian reporter found that Guangzhou, Shanghai and other places have tightened personal mortgages. At present, the Beijing area is generally stable, but some bank personal lenders told the Cailian reporter that the mortgage quota is tightening.
The industry generally believes that one of the reasons for the tight mortgage quota and even the "broken loan" situation in some areas may be related to the new regulations on mortgage concentration issued by the regulatory authorities at the end of last year.
Dong Ximiao believes that the central bank and the branches of the China Banking Regulatory Commission should make timely adjustments according to different local conditions in strict accordance with relevant procedures under the overall policy framework. On the premise of meeting the requirements of centralized management, the differentiated measures of housing credit should be adjusted and implemented by commercial banks as a whole.
In addition, the Beijing Banking Insurance Regulatory Bureau also stated that it would instruct the Beijing Banking Association to issue the Convention on Self-discipline of Personal Housing Loan Business. At present, 43 banks providing personal housing loans in Beijing have signed the commitment letter of the Convention.
It is reported that the Convention will put forward self-discipline requirements for the personal housing loan business of banks from seven aspects: internal control system, risk management, due diligence, differentiated housing credit policy implementation, supervision of cooperative institutions, fair competition and quality service, so as to guide the competition of personal housing loan business of banks, improve the service level and quality, and change the market competition situation that relied on "rebate" and "rebate" and relaxed the scale of policy implementation in the past.