1030 10 includes nine aspects. In view of the financial needs of new citizens in key areas such as entrepreneurship, employment, housing, education, medical care and old-age care, banks and insurance institutions are encouraged and guided to actively link up with existing support policies, strengthen product and service innovation according to local conditions, expand financial supply with high quality, and improve the fairness and convenience of financial services. The fourth point is clear: support and encourage banks and insurance institutions to optimize housing financial services, help increase the supply of affordable housing, support the healthy development of the housing rental market, and meet the housing needs of new citizens.
0030 10 also makes it clear that new town democracy refers to all kinds of groups who come to the town for permanent residence due to reasons such as starting a business, children going to school, taking refuge, etc., but have not obtained local household registration or have obtained local household registration for less than three years, including but not limited to migrant workers and newly-employed college graduates. There are about 300 million people at present. Because the distribution of new citizens in various provinces, cities and counties is very uneven, the scope of serving new citizens can be clearly defined according to the local actual situation and the policies of the local government.
Attached:
Notice of China People's Bank and China Banking Regulatory Commission on Strengthening Financial Services for New Citizens
Order No.4 of China Banking Regulatory Commission [2022].
All banking regulatory bureaus, insurance regulatory bureaus, Shanghai headquarters of the People's Bank of China, branches, business management departments, city center branches of provincial capitals, sub-provincial center branches, policy banks, large banks, joint-stock banks, wealth management companies, insurance group (holding) companies, insurance companies, insurance asset management companies, pension management companies, insurance professional intermediaries, banking associations and insurance industry associations:
With the deepening of industrialization, urbanization and agricultural modernization in China, hundreds of millions of rural people have moved to cities and towns through employment and schooling, and become new citizens. Doing a good job in financial services for new citizens is of great significance for smoothing the national economic cycle, building a new pattern of development, achieving high-quality development, and promoting new urbanization with people as the core. It is also a necessary measure to promote the structural reform of the financial supply side, meet the people's yearning for a better life, and promote the common prosperity of all people. In order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council, improve the accessibility and convenience of new citizens' financial services, and effectively enhance their sense of acquisition, happiness and security, the relevant work on strengthening new citizens' financial services is hereby notified as follows:
First, adhere to the principle of combining market-oriented operation with government guidance.
Adhere to market-oriented operation. Insurance institutions should adhere to the people-centered development concept, aim at the financial needs of new citizens in key areas such as entrepreneurship, employment, housing, education, medical care and old-age care, strengthen product and service innovation, improve financial services, expand financial supply with high quality, and enhance the equality and convenience of financial services in accordance with the principles of marketization and legalization.
Give full play to the guiding role of the government. The dispatched offices of the CBRC and the branches of the People's Bank of China should strengthen communication and coordination with local governments, support and cooperate with local governments to effectively play a guiding role, formulate specific policies according to local conditions, refine support measures, solve the "bottleneck" constraints, and promote banks and insurance institutions to continuously improve the financial service level of new citizens.
Two, clear the scope of new citizens, strengthen financial support for key areas and industries.
Define the scope of new citizens. New-town democracy refers to various groups, including but not limited to migrant workers and newly-employed university graduates. They came to live in cities and towns because of their entrepreneurship, their children's schooling and their dependence on the city.
Third, expand the supply of financial products and services and promote the employment of new citizens.
Strengthen credit support for new citizens to start businesses. Support local governments to optimize the policy of undertaking secured loans, include new citizens in the scope of undertaking secured loans, implement policies such as guarantees and interest subsidies, simplify the process of undertaking secured loans, and exempt counter-guarantee requirements according to regulations. Encourage commercial banks to strengthen the analysis of the entrepreneurial forms, income characteristics, capital needs and other factors of new citizens, make full use of information technology, accurately evaluate the credit status of new citizens, and optimize the entrepreneurial credit products of new citizens. Encourage commercial banks to reduce the financing cost of new citizens' entrepreneurship by lowering loan interest rates, reducing service charges and flexibly setting repayment periods for qualified small and micro enterprises in accordance with the principle of marketization.
Increase financial support for small and micro enterprises that attract more new citizens to find jobs. Promote commercial banks to strengthen the expansion of "first loan households" and credit loans for small and micro enterprises, and support small and micro enterprises and individual industrial and commercial households that attract more new citizens to obtain credit funds. Encourage development banks and policy banks to improve the refinancing business model of cooperation with commercial banks, and increase support for related small and micro enterprises based on functional positioning. Encourage commercial banks to increase financial support according to the employment situation of new citizens in enterprises to help enterprises give full play to their leading role in employment.
Improve the insurance level of new citizens' entrepreneurial employment. Carry out insurance product innovation in industries where new citizens are concentrated, strengthen the connection with industrial injury insurance policies, develop employer liability insurance, accident insurance and other businesses suitable for new citizens' professional characteristics, and improve the insurance protection level of new citizens' entrepreneurship and employment. Focus on new citizen groups with outstanding occupational risks such as construction workers, express riders and online car drivers, and expand insurance coverage.
Four. Optimize housing financial services to meet the housing needs of new citizens.
Increase the supply of affordable housing. Encourage banking institutions to increase support for public rental housing, affordable rental housing, affordable housing and renovation projects of old urban communities under the premise of legal compliance and controllable risks. Support commercial banks to provide professional and diversified financial services in the development and construction of affordable housing, purchase, stock revitalization, transformation, operation management and supporting municipal infrastructure construction. Guide trust companies to give full play to their own advantages and support the construction and operation of affordable housing in accordance with laws and regulations. Encourage the development of engineering quality assurance insurance.
Support the healthy development of the housing rental market. Support bank insurance institutions to promote by participating in the pilot of affordable rental housing and helping government departments to build a comprehensive service platform for housing rental.
Increase the supply of long-term rental housing and improve the supply system of the housing rental market. Support commercial banks to provide credit support for specialized and large-scale housing leasing enterprises according to laws and regulations, reduce the capital cost of housing leasing enterprises, and help alleviate the housing pressure of new citizens. Encourage insurance institutions to carry out insurance business such as lessor's liability insurance and lessee's liability insurance, and support the development of long-term rental market.
Meet the reasonable housing credit demand of new citizens. Support commercial banks to conscientiously implement the relevant national policies, closely focus on the goal of "stabilizing land prices, stabilizing housing prices and stabilizing expectations", implement differentiated housing credit policies according to the city's policies, reasonably determine the first set of housing mortgage loan standards for new citizens who meet the conditions for buying houses, and improve the convenience of loan repayment. Encourage commercial banks to make full use of information technology, scientifically and prudently evaluate the credit level of new citizens in multiple dimensions, and reasonably meet the credit needs of new citizens who meet the requirements of the house purchase policy, have the ability to purchase houses and have relatively stable income.
Optimize financial services to make new citizens live and work in peace and contentment. In view of the differentiated financial needs of new citizens in the transition period of settling in cities, we will provide them with reasonable consumer credit products such as furniture and household appliances. Promote family property insurance and enhance the ability of new citizens' families to resist the risk of property loss.
Five, the implementation of relevant policy requirements, to help new citizens training and children's education.
Support new citizens to get better vocational skills training. Encourage commercial banks to strengthen cooperation with the government, optimize products and services in accordance with the requirements of the Tenth Five-Year Plan and other policies, explore ways to discount local government loans, provide financial support for new citizens' vocational and technical education and skills training in accordance with laws and regulations, and promote new citizens to improve their technical skills and enhance their entrepreneurial employment ability.
Optimize the education and financial services for the children of new citizens. Encourage relevant banking institutions to implement the national student loan policy and serve the children of new citizens with financial difficulties. Encourage insurance institutions to actively develop insurance businesses such as learning and infant insurance, children's education subsidy insurance, internship liability insurance, and educational institution liability insurance.
Support the development of kindergarten and preschool education. Banks and insurance institutions are encouraged to provide financial services to nursery institutions in areas where new citizens gather, in accordance with the Decision of the State Council Central Committee on Optimizing Birth Policy to Promote Long-term Balanced Population Development, Guiding Opinions of General Office of the State Council on Promoting the Development of Care Services for Infants under 3 years old, and Opinions of General Office of the State Council on Promoting the Healthy Development of Pension Services. Develop inclusive preschool education liability insurance and accident insurance business to solve the worries of preschool children's education and rearing in new citizens' families.
Six, strengthen cooperation with government departments, improve the level of health insurance services.
Give full play to the supplementary role of commercial health insurance. Encourage insurance institutions to strengthen cooperation with medical insurance departments, promote the effective connection between commercial health insurance and basic medical insurance, develop inclusive commercial health insurance products that are not linked to household registration, meet the multi-level and diversified health protection needs of new citizens, and prevent poverty and return to poverty due to illness.
Improve the coverage of commercial health insurance. Support insurance institutions to strengthen insurance product innovation and provide more flexible health insurance products for new citizens in view of the large number of short-term and temporary workers. Encourage insurance institutions to actively connect with new citizen enterprises and provide flexible, affordable and convenient group health insurance products. Strengthen the brand building of commercial health insurance and improve the acceptance of commercial health insurance by new citizens.
Help direct settlement of medical treatment in different places. Give full play to the advantages of channels and science and technology, help the medical insurance department to further promote the direct settlement of medical treatment in different places, and further facilitate new citizens to seek medical treatment nearby.
Seventh, enrich the financial services for the aged and increase the old-age security for new citizens.
Reasonably meet the financing needs of pension service institutions. Strengthen support for the old-age care industry, help cultivate a number of old-age care service institutions with sustainable development, standardized operation and good market reputation, promote the increase of the supply of old-age care services, and support new citizens to support the elderly in their permanent places.
Improve the financial services of old-age security for new citizens. Cooperate with local governments to promote long-term care insurance for new citizens, support qualified areas to explore remote insurance and fast claims settlement, and meet the differentiated pension needs of new citizens.
8. Optimize basic financial services and enhance the sense of acquisition of new citizens.
Improve the convenience and availability of basic financial services. Encourage commercial banks to optimize financial services such as account opening and salary payment according to the characteristics of strong mobility of new citizens. Support commercial banks to reasonably reduce and exempt new citizens' personal debit card costs, annual fees, small account management fees, SMS service fees and other fees. Promote bank insurance institutions to continuously improve service facilities, optimize product design, and better meet the financial needs of new citizens. Provide more diverse and convenient credit inquiry services for new citizens.
Help protect the legitimate rights and interests of new citizens. Encourage commercial banks to give full play to the advantages of information technology, data and channels, and cooperate with government departments to improve the monitoring and early warning platform for migrant workers' wage payment. Support bank insurance institutions to explore and develop financial products such as bank guarantees for migrant workers' wages, and ensure that migrant workers' wages are paid in full and on time. We will implement the fund supervision requirements for private educational institutions, pension institutions and housing leasing enterprises in accordance with the law and regulations to help safeguard the legitimate rights and interests of new citizens. Smooth consumer complaint channels, improve the dispute resolution mechanism, and safeguard the rights and interests of new citizens' financial consumers.
Nine, strengthen organizational security, and promote the implementation of work measures.
According to local conditions, do a good job in organization and promotion. The dispatched offices of the CBRC and the branches of the People's Bank of China should strengthen the docking with government departments in light of the overall work requirements, organize and guide banking and insurance institutions to optimize products and services according to local conditions, and improve the financial service level of new citizens. Bank insurance institutions should refine their work plans, compact their work responsibilities, improve the incentive and restraint mechanism, improve the enthusiasm of branches and staff to serve new citizens, and promote related work as soon as possible.
Strengthen coordination and give full play to policy synergy. Promote the effective connection between financial policies and new citizen support policies such as finance, employment, housing and social security, guide banks and insurance institutions to strengthen cooperation with government departments, establish cooperation mechanisms in the payment and distribution of social security for new citizens, the payment and use of housing provident fund, the payment and settlement of wages for migrant workers, and make good use of inclusive microfinance support tools and policies such as inclusive refinancing and rediscounting to effectively meet the financial needs of new citizens.
Improve the risk sharing mechanism and improve the enthusiasm of financial institutions. Support qualified local governments to play the guiding role of financial funds, and establish risk compensation funds in combination with practical research to compensate the financing risks of new citizens' entrepreneurship and enterprises that attract new citizens' employment. Strengthen the cooperation between bank and insurance, give play to the supporting role of insurance and other types of insurance, and provide financing and credit enhancement for small and micro enterprises that absorb new citizens' employment. Study innovative guarantee methods, encourage government financing guarantee companies to provide guarantee support, and increase credit enhancement.
Improve supporting facilities and promote information sharing. Strengthen cooperation with government departments, promote the establishment of public credit information and financial information integration mechanism, accelerate the open sharing of government information related to new citizens, reduce information asymmetry, and create a good financing environment. Encourage banks and insurance institutions to actively explore the use of big data technology on the basis of effectively protecting personal information rights and interests according to law, comprehensively use data such as social security, taxation and housing provident fund for new citizens, optimize the credit evaluation system for new citizens within institutions, and improve the efficiency of financial services.
China Banking and Insurance Regulatory Commission.
People's Bank of China
March 4(th), 2023
Related Questions and Answers: Related Questions and Answers: How long does it take for the mortgage to be approved normally, and what conditions are needed? First, understand what approval conditions are required for mortgage:
(1) Having a legal identity (resident ID card, household registration book, military officer's card, and residence certificates or other identity documents such as passports, family visiting cards, home visiting cards and other natural persons with the right of abode in Chinese mainland);
(2) Have a stable economic income and good credit (this is very important). In our hometown, some people borrowed money with his ID card and then failed to pay it back. This directly leads to the inability to borrow money to buy a house. If they have the ability to repay the principal and interest of the loan, they must affix the official seal of the unit and the income certificate of the special financial seal, and another is the running water in the bank, so please do your homework one year before you prepare to buy a house;
(3) At least 18 years old, with full capacity for civil conduct, generally not more than 65 years old.
(4) if married, provide materials for both husband and wife; Unmarried provide proof of unmarried; Divorce provides divorce certificate.
Two, to the bank to fill out the "personal housing loan application form". Developers will generally sign cooperation agreements with one or several banks, and it will be more convenient to handle mortgage loan agreements with banks that have agreements with developers. Bring the down payment receipt, commercial housing sales contract, ID card, city residence booklet (temporary residence permit for more than one year for non-local accounts), income certificate and other originals and copies to the bank to fill in the application form for personal housing loan.
Third, the bank's credit officers will review and approve the materials submitted by the applicants step by step. If it is considered to meet the conditions of bank loans, the applicant shall be notified to sign a personal housing mortgage loan contract, and the contract period shall not exceed 30 years.
4. Go to the Housing Authority to apply for the certificate of other rights of the house, which proves that the house has the mortgage right of the bank. Go to the notary department for notarization of property right mortgage. Go to the insurance company to apply for family insurance. The above procedures will generally be handled by the bank.
5. Open an account. Customers who choose entrusted deduction for repayment need to sign an entrusted deduction agreement with the bank, and open a special savings passbook account, savings card or credit card account for repayment at the business outlets designated by the lending bank. At the same time, the seller shall open a settlement account or deposit account with the loan bank.
6. Withdrawal of loans. With the consent of the lending bank, the lending bank will directly transfer the loan to the deposit account opened by the borrower in the lending bank, or transfer it to the deposit account opened by the seller in one lump sum or by stages according to the loan contract.
Seven, the borrower must repay the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract, otherwise the bank can recover the house according to law.
Second, how long does it take for the bank to approve?
First, for second-hand houses, when the bank loan amount is sufficient and your information is complete, it will take about one week from application to approval, and if it is slow, it will usually be approved in about half a month. For second-hand houses, if the bank's quota is insufficient or under control, the general bank will lend money at the beginning of the month, which means it will take about a month at the earliest.
Second, for the first-hand new house, because the developer has signed a loan contract with the bank, the loan approval speed is very fast. My brother-in-law buys a house in a prefecture-level city, and it takes about a week from paying the down payment to writing materials to lending money. He said that his fastest batch was approved in two days and the loan was issued in three days. Under normal circumstances, I understand that the bank's approval takes three to five days, and the lending time will be based on the requirements of the developer. Three days if it is fast, and one month if it is slow.
So generally speaking, the time for bank loan approval depends on whether your information is complete, the bank's quota, the developer's requirements and other factors. As an applicant, you should always contact the bank manager or real estate sales, keep abreast of the progress, and finally wait patiently.
The above is for reference only, and the mortgage policies vary from place to place. Anyway, the normal process is similar.