According to industry insiders, the real estate market will crowd out too many credit resources and aggravate the financing difficulties of other entities. Under the tone of strict supervision of real estate finance, banks will control the stock and increment of real estate loans, and their real estate loan business may be further compressed.
From the end of last year to March this year, the supervision of housing-related funds continued to tighten. At the end of last year, the People's Bank of China and the China Banking Regulatory Commission issued the Notice on Establishing a Centralized Management System for Real Estate Loans of Banking Financial Institutions, establishing a centralized management system for real estate loans of banking financial institutions, and setting the upper limit of the ratio of real estate loans to personal housing loans at five grades. Since February this year, the financial supervision departments of first-tier cities such as Beijing, Guangzhou and Shenzhen have begun to investigate the illegal flow of bank credit funds into the property market. Recently, the China Banking Regulatory Commission, the Ministry of Housing and Urban-Rural Development and the People's Bank of China launched a special investigation on operating loans nationwide.
In addition, some "new first-line" and second-tier cities have recently followed up some strict regulatory measures related to housing provident fund. Hangzhou issued the "Notice on Further Regulating the Order of the Real Estate Market" to effectively strengthen the management of real estate development loans. All financial institutions strictly review the compliance of real estate development projects, implement the requirements of closed management of real estate development loan funds, issue loans according to the project schedule, put an end to super-scale and over-time lending, and prevent loan funds from being misappropriated. Huzhou issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market in this Municipality" to clearly strengthen the supervision of housing finance. It is required to establish a review mechanism for the source of funds for purchasing residential land and conduct a penetrating review of the source of funds for purchasing land. It is strictly forbidden to buy land with non-owned funds.
Zheng Chenyang of China Banking Research Institute said that for the banking industry, the tightening of the approval criteria for operating loans, combined with the previous centralized management of real estate loans and control of the stock and increment of real estate loans, the bank's real estate loan business may be further compressed. In particular, the approval and management of small and medium-sized banks with weak compliance awareness, poor risk control ability and excessive dependence on real estate assets will be stricter, helping them return to their original sources and their services sink.
"The state has recently conducted a strict investigation on the illegal inflow of credit funds into the real estate market. In the short term, a more cautious credit approval atmosphere may be formed, and the scale of bank credit may slow down. " Zhang said, deputy dean of School of Finance and Finance, Renmin University of China.
In fact, a number of listed bank executives said at the recent performance conference that they would speed up the adjustment of relevant housing-related loans in accordance with regulatory requirements and strictly control the investment of loans.
Lv Jiajin, vice president of China Construction Bank, pointed out that CCB will take various measures to steadily promote the steady development of corporate real estate business, maintain reasonable and moderate growth of personal housing mortgage loans, and orderly reduce the proportion of real estate loans in various loans.
"Overall, the transition period is abundant, and the new regulations have little impact on the growth of loan scale. We will gradually digest the excess inventory. " He said. He stressed that real estate development loans should continue to be strictly managed by the list system, focusing on supporting high-quality customers in first-and second-tier cities, conducting project compliance review, and strictly controlling loan investment and project use. For individual housing loans, priority should be given to those who just need it, and the reasonable general housing needs and housing improvement needs of the people should be met. Zhu, chief risk officer of China Merchants Bank, said that China Merchants Bank will speed up the adjustment of the concentration of housing-related loans according to regulatory requirements.
Strict investigation of illegal loans flowing into the property market has become the focus of many banks this year. Liu Jun, president of Bank of Communications, said that Bank of Communications has made the investigation of operating loans flowing into the real estate market a key task this year. He said that in the first quarter of this year, Bank of Communications had conducted an investigation on the compliance of personal financial credit, and self-examination found that some businesses were suspected of illegal use. At present, measures have been taken, including freezing the quota of relevant users and recovering loans in advance, and the management of personal business loans will be further strengthened.
He also said that Bank of Communications put compliance in the first place, established and constantly improved the credit risk management policy system, strengthened the risk control capacity building, and constantly strengthened the monitoring of the use of funds. Secondly, in recent years, a lot of resources have been invested in the research of financial technology, which has been applied in Pratt & Whitney Wechat business. With the help of technology empowerment, the risk prevention and control ability of the whole online and offline process has been continuously improved. The third is to further control personal business loans and repay them in advance. Deploy monitoring rules in the post-loan monitoring link to strengthen the monitoring and early warning of the flow of loan funds.
Wang Qing, chief macro analyst of Oriental Jincheng, said that under the background that the scale of new credit this year is generally stable, the credit supply structure will show more obvious structural characteristics, that is, investment will be "guaranteed and pressured". "Pressure" mainly points to real estate finance, and the financing environment of the city investment platform will also be tightened. This can not only free up more credit resources for key support areas, but also be the basic requirement for stabilizing the operation of the real estate market.
(Original title: "The supervision of housing-related funds will be upgraded, and the bank real estate loan business will be compressed")
Source: Economic Information Daily