Bank credit facilities will be announced one after another.
Author |Small debt.
* |Bond Market Watch.
On February 6, the General Administration of Financial Supervision met again. Since the end of January, regulatory authorities, local governments, real estate enterprises, and financial institutions have comprehensively promoted the implementation of the financing coordination mechanism for real estate enterprises.
The special meeting held by the State Administration of Financial Supervision pointed out that positive progress has been made in the implementation of the coordination mechanism for urban real estate financingMost cities have established a coordination mechanism for urban real estate financing, put forward a "white list" of real estate projects and pushed it to commercial banks, which have also responded positively, effectively connected with the project list, and have provided a number of new financing and loan extensionsMeet the reasonable financing needs of non-** real estate projects.
At the same time, the meeting also demanded,All commercial banks should take the initiative to connect with the coordination mechanismThe list of real estate projects should be reviewed in a timely manner, credit approval should be accelerated, and reasonable financing needs should be achieved"It should be full".
According to the Economic Observer*** as of the end of January,170 cities in 26 provinces have pushed the first batch of "white lists" of real estate projects to commercial banks, involving 3,218 real estate projects. In addition, more than 10 real estate companies have disclosed the number of projects shortlisted for the "white list".
Previously, on January 12, in order to implement the first financial work conference proposed"Meet the reasonable financing needs of enterprises with different ownership systems without discrimination".The Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision jointly issued the Notice on the Establishment of a Coordination Mechanism for Urban Real Estate Financing.
January 26, Ministry of Housing and Urban-Rural DevelopmentConvened a meeting on the deployment of the coordination mechanism for urban real estate financingThe deployment meeting convened the participation of the housing and urban-rural development departments of all provinces (autonomous regions and municipalities) and 35 key cities. among othersThe 35 cities involve 25 provinces, and each city is dominated by provincial capitals, and some provinces have several cities participating at the same time.
*: Ministry of Housing and Urban-Rural Development.
After the deployment meeting, the cities acted quickly and implemented it, and stepped up the establishment of a coordination mechanism and pushed the white list. The first city to launch a "white list" of real estate projects was Nanning, Guangxi.
On January 30, just four days after the deployment meeting, Nanning City, Guangxi Province, announced that it had established a real estate financing coordination mechanism and pushed it to local financial institutionsThe first batch of 107 real estate projects "white list".。Among them, the Beitou Dutch Courtyard project in the "white list" has been awarded the Nanning Branch of Minsheng Bank3.300 million yuanDevelopment loans.
Immediately afterwards, Qingdao sorted out the first batch of real estate project "white list".84 pcs, financing needs about250.200 million yuan, involving19Financing institutions, and push the first batch of project whitelists to relevant financial institutions.
At the same time, Chongqing also announced that it had established a real estate financing coordination mechanism and had sorted out the first batch of "white lists" of real estate projects314 pcs, financing needsAbout 83 billion yuan
*: "Chongqing Housing and Construction"**
With the successive implementation of the "white list" of real estate projects in various places, the real estate financing coordination mechanism continues to "accelerate".
It is worth noting thatIn the first batch of real estate projects, 84% of the projects belong to private real estate enterprises and mixed-ownership real estate enterprises. All localities have established financing support and coordination mechanisms, and truly implemented the important guideline of meeting the reasonable financing needs of real estate enterprises under different ownership systems without discrimination.
Since February, more than 10 real estate companies have announced that their projects have been included in the "white list" of real estate projects.
On February 5thSunac said that more than 90 projects have been shortlisted for the first batch of "white lists".The projects are distributed in 20 cities, including Beijing, Tianjin, Chengdu, Chongqing, Zhengzhou, Shenyang, Qingdao, Wuhan, Kunming, Xi'an, Taiyuan and Xishuangbanna.
Source: Canned Gallery.
As of February 7, the real estate companies included in the "white list" include Sunac, Country Garden, Agile, China Aoyuan, Gemdale, Longfor, CIFI Group, Sino-Ocean Group, Shimao Group, etcThere are also some projects of real estate companies in the "white list".
According to the ** Times on February 5 **,Country Garden confirmed that more than 30 projects have been approved to enter the "white list".Including a number of projects in Henan, Hubei, Sichuan, Shandong, Chongqing and other places. Subsequently, projects in Guangdong, Hunan, Northeast China and other places are also expected to enter one after another. As for entering the "white list", Country Garden said that relevant projects will receive financing support, which will help alleviate financial pressure, promote guaranteed delivery, revitalize assets, and improve the sustainable operation ability of the project.
According to the official website of China Aoyuan, Aoyuan has also made a number of projects shortlisted for the first batch of "white lists". There are also projects that are expected to enter one after another. CIFI Group also confirmed that 23 projects have been approved to enter the "white list".
In addition, banks have recently made new moves.
According to the "China Business Daily",The real estate development loans of many banks have increased month by month, and the reasonable financing needs of more and more real estate enterprises have been met。Tian Jianming, deputy general manager of the corporate business department of China Construction Bank, told China Business Daily that they have exchanged information with six real estate companies to enhance mutual trust. Recently, the head office also sent 6 teams to 12 provinces to conduct research. In addition, a number of banks said that they are speeding up the financing needs of "whitelist" projects.
According to the China Real Estate News,On February 6, Sunac China, Fosun Group, Overseas Chinese Town, Changnian City and other real estate enterprise project companies signed contracts with banks in Hubei。A total of 12 real estate "white list" projects in Wuhan, Xiangyang, Yichang, Huangshi and other cities have been granted57.200 million yuan, issuing loans18.400 million yuan, Rollover6.400 million yuan
Source: Canned Gallery.
Previously, Shimao's Splendid Yangtze River project in Wuhan had already secured a financing plan and achieved payment collection, and Nanning's Beitou Dutch Courtyard project had been approved by Minsheng Bank Nanning Branch3.300 million yuanDevelopment loan, Kunming's construction investment Huacui Wenyuan project has been obtained from Bank of China31 million yuanWith financing support, the first phase of Gaoshi City in Qingdao High-tech Zone, the Lingwan Ruicheng project in the West Coast New Area and the Qingdao Shizuizi project have also been granted credit by banks such as Bank of Communications1.3 billion yuan
As of February 4,Commercial banks have granted loans to 83 projects in 27 cities178600 million yuan。In addition, the approved loans for various real estate projects are still being announced.
According to the first financial news, in this round of real estate crisis, private real estate enterprises are the largest group of adjustments.
Previously, the financing of private real estate enterprises has been in a grim situationSome insolvent property developers, or those with fewer mortgage targets, are less likely to obtain bank loans under the market-based mechanism.
Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center, told CBNFrom enterprises to projects, it is a feasible channel for the landing of the real estate "white list".
The integrity and financial data of real estate companies may not be able to protect the claims of financial institutions, butAs long as the property rights of real estate enterprises can be clear and the funds can be operated in a closed manner, the creditor's rights of financial institutions can be guaranteed and the information asymmetry between financial institutions and real estate enterprises can be eliminated.
In Li Yujia's view, now in the form of a "white list" of projects, promoting the implementation of the real estate financing coordination mechanism is also to solve the problem of pre-sale fund supervision.
In the final analysis, the implementation of the real estate financing coordination mechanism, the transfer of financing support from enterprises to projects, and the effective distinction between the debt risk of real estate enterprises and the development and operation risks of project companies, can avoid financial institutions from engaging in "one-size-fits-all" for all projects of real estate enterprises in debt default, which is of great significance to support the reasonable financing needs of real estate enterprises.
What do you think of the hot phenomenon of "white lists" of real estate projects submitted to financial institutions in various places? Can the project financing needs of real estate enterprises be effectively supported? Welcome to leave a message in the comment area to chat.
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