Under the background of top-down supervision, it will be the "highlight" of supervision in the second half of the year to strictly control credit violations and enter the property market with a high probability. According to the incomplete statistics of Cailian reporters, since the beginning of this year, the banking and insurance supervision system has disclosed about 140 "housing-related loans" tickets. A number of industry experts told the Cailian reporter that this year's regulatory punishment is heavier than in previous years, which has already formed a deterrent to banks and front-line loan officers. Strict supervision and high pressure will continue in the second half of the year.
Strict supervision: multiple rounds of investigation in many places, and great punishment.
In the first half of this year, in view of the illegal inflow of credit funds into the real estate market, many insurance regulatory bureaus conducted several investigations on financial institutions such as banks within their jurisdiction. Guangdong Banking Insurance Supervision Branch said that it will investigate financial risks in the real estate sector, jointly issue special governance notices, use Oriental Big Data screening, and deploy two rounds of bank self-inspection and on-site verification to prevent operating loans from illegally flowing into real estate. The Beijing Banking Insurance Regulatory Bureau said that three rounds of self-inspection and verification were organized on this issue in the first half of the year.
Local banking regulatory bureaus and insurance regulatory bureaus all said that they would "further strengthen the prevention and control of real estate financial risks" and "prevent bank insurance funds from bypassing the rules and flowing into the real estate market"; Will strictly implement the "three lines and four files" and the centralized requirements of real estate loans.
Heavy penalties have become one of the means to curb the illegal entry of loan funds into the property market. According to the incomplete statistics of the reporters of Cailian Association, since the beginning of this year, the banking and insurance supervision system has disclosed about 140 "housing-related loans" tickets. Among them, the Shanghai Banking Insurance Regulatory Bureau has issued 24 tickets for two consecutive days, all related to the illegal inflow of credit funds into the property market.
It is worth noting that since the beginning of this year, regulatory penalties have generally been "double penalties", that is, not only financial institutions involved in the case, but also related dereliction of duty.
For example, Wenzhou Banking Insurance Supervision Branch issued a fine for Ouhai Rural Commercial Bank for "illegal flow of credit funds into the real estate market", and at the same time imposed a "warning and a fine of RMB50,000" on the person directly in charge of the business. Among the tickets issued by the Shanghai Banking Insurance Regulatory Bureau, there are also several tickets for relevant responsible persons. In addition, the Beijing Banking Insurance Regulatory Bureau also said that in the first half of the year, four banks and 10 responsible persons were severely punished for illegal entry of credit funds into the market.
High pressure continues: deterrence is formed, and real credit demand will appear.
"This year's regulatory punishment is indeed stricter than in previous years, which has formed a deterrent to banks and front-line loan officers." The person in charge of credit of a joint-stock bank told the Cailian reporter that the punishment of bank employees will be recorded, which will have an impact on future job-hopping and promotion. Therefore, now bank loan officers will strictly abide by the relevant loan specifications when making loans such as operating loans to prevent funds from illegally flowing into the property market.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that the high frequency of fines issued by supervision and the great punishment make financial institutions pay more attention to the current real estate market policy, and subsequent banks will be more cautious in specific business operations. Banks' own internal control measures should also be innovated to prevent funds from flowing into the real estate market. At present, it is normal for regulators to "strictly supervise" the financial property market with illegal credit funds, and it is expected that this high-pressure situation will continue for some time.
According to the data of the central bank, the growth rate of real estate loans continued to decline at the end of the second quarter of 20021. The balance of RMB real estate loans was 50.78 trillion yuan, up 9.5% year-on-year, 2.8 percentage points lower than the growth rate of various loans and 2.2 percentage points lower than the growth rate at the end of last year. The balance of real estate development loans was 12.3 trillion yuan, up 2.8% year-on-year, and the growth rate was 3.3 percentage points lower than that at the end of last year.
Yif Wang, chief analyst of the financial industry of Everbright Securities, believes that since the second half of 2020, the proportion of real estate loans in the broad sense of banks has greatly increased, benefiting from the better comprehensive rate of return of mortgage and real estate loans, and some banks also regard it as the key development direction of 20021. However, under the constraint of centralized management of real estate loans, the amount of new housing mortgage loans that some banks can issue is tight. On the other hand, after Pratt & Whitney Microfinance squeezes out some unreal credit demand, the supply of "true Pratt & Whitney and true microfinance" funds will increase greatly.