Wen | Kaifeng

Cleaning up business loans is finally a real deal.

1

How lethal is the bank lending?

According to media reports, recently, a "Notice Letter on Early Withdrawal of Personal Loans" was posted on the Internet. Because it was found that the credit funds were used illegally, it was required to return all the principal and interest of the 5 million loans before the end of March.

In addition, according to beijing business today, some bankers revealed that loans illegally flowing into the property market should be recovered in advance, and banks in Beijing said that they had strictly followed the implementation and cases of recovering credit funds illegally flowing into the property market in advance had emerged.

According to Nanfang Daily, a number of banks in Guangdong recovered illegal housing-related loans in advance to prevent illegal misappropriation of funds and terminated credit lines for illegal customers.

Under the high pressure, some investors in the property market said:

This is the first time that Beijing and Shanghai have been forced to repay the loan in advance since the first investigation of operating loans. This is in stark contrast to the tone that a city "did not find operating loans flowing into the property market" a year ago.

At present, it is unknown how many business loans have flowed into the property market. However, the super-high growth of operating loans can undoubtedly explain many problems.

As we all know, credit is seven inches of the property market. As long as we hold down the credit and block the channels through which various funds illegally flow into the property market, real estate speculation will lose its most fundamental financial support.

Beijing and Shanghai have set an example. Who's next?

2

Why is it so important to strictly check the business loans flowing into the property market?

At the moment when the regulation of the property market is increasing, business loans and consumer loans have become the hidden plans of some real estate speculators, and they have also become an important boosting factor for the skyrocketing housing prices in some hot cities.

china securities journal's previous investigation reports are even more blunt about this:

It can be seen that the strict investigation of operating loans is not only related to the rigidity of property market regulation, but also the seriousness of "staying and not speculating".

Business loan, as its name implies, is to solve the capital demand of production and operation. Loans were obtained from mortgaged properties to expand production and operation. Under the impact of the epidemic last year, some cities even subsidized this, resulting in the operating loan interest rate being much lower than the mortgage interest rate.

This is good governance that benefits the majority of SMEs. However, due to the upside-down interest rate and the huge room for leverage through operating loans, operating loans have flooded into the property market, and real estate speculators are empty-handed, which naturally adds fuel to the flames.

Business loans cannot be used for investment in the property market, nor can they be used for stock trading. This is the bottom line of credit, and the relevant departments have already made repeated requests, but they still can't press the real estate speculators who are eager to move.

There are some negative treatments from individual banks behind this.

In the era of big data, it is not difficult to find out whether a business loan is used for business operation or illegally flows into the stock market and property market.

However, lending to banks is a very good business, and no one wants to burst this bubble on their own initiative.

So we can see that since the beginning of this year, the fines imposed on banks by the banking and insurance supervision department have increased significantly, the most important one of which is that "credit funds have been diverted to purchase houses", and many banks have received fines.

However, just issuing a ticket to the bank, with a fine of hundreds of thousands to millions, is far from enough deterrent. Only by lending to investors who use business loans to speculate in real estate can we get twice the result with half the effort.

Real estate speculation is a chain.

The bubble of illegal business loans flowing into the property market has been punctured, and the false prosperity of the property market in some cities will be exposed completely.

3

Credit is seven inches of the property market.

As long as you can hold down the credit, you can hold down the house price.

The reason behind this is obvious. Credit is a leveraged financial support for the property market and a sharp weapon to enlarge the speculation of the property market. If credit is pressed to death, then the property market will never be hyped up by relying on its own funds just needed.

Some people say that real estate speculators don't care about credit and can buy a house in full. We should know that there are not many people who can speculate in real estate in full. Under the restriction of purchase and sale, there is not much room for real estate speculation in full, and credit leverage is the ultimate support for real estate speculation.

On the contrary, once consumer loans and business loans can flow into the property market illegally, real estate will become a reservoir of huge funds. These pools of water have all entered the head cities such as Shenzhen in the north. Is there any reason why house prices will not rise?

Therefore, where efforts are made to increase the down payment ratio of the second home, the mortgage interest rate and strike hard at operating loans, there is naturally no possibility that the house price will not be able to hold down.

Therefore, if illegal business loans and consumer loans are really taken seriously, housing prices in some popular cities will face challenges.

Not long ago, at the press conference of the State Council Office, President China Banking and Insurance Regulatory Commission issued a warning:

This year's reports of the two sessions also clearly stated:

Obviously, it is time to test how to truly implement "housing and not speculating", whether you are willing to be serious about business loans and dare to crack down on real estate speculators.

It will be clear at a glance who is wholeheartedly trying to curb the rise in housing prices and who is half-heartedly coping with the regulation.