Wen Leju Finance Wang Min
In the first month of 2024, China's real estate will release a number of blockbuster "big moves".
This time, it is a long "white list" of real estate projects, and the first loan in the industry has landed in Nanning.
According to reports, Nanning City, Guangxi Province has established a real estate financing coordination mechanism, and pushed the first batch of 107 real estate project "white list" to local financial institutions, and the Beitou Heyuan project has recently been awarded the Nanning Branch of Minsheng Bank 3300 million yuan development loan.
At the same time, through the real estate financing coordination mechanism, Chongqing has sorted out the first batch of 314 "white lists" of real estate projects, with financing needs of about 83 billion yuan and involving 22 financing institutions.
On January 30, the "white list" of the project has been pushed to 28 major banks, including large banks, joint-stock banks, commercial banks in other cities, and three municipal corporate banks.
The first batch of projects in Qingdao is expected to come out on the 31st. The relevant person in charge of the Qingdao Municipal Bureau of Housing and Urban-Rural Development said.
Last Friday (January 26), the Ministry of Housing and Urban-Rural Development held a meeting on the deployment of the urban real estate financing coordination mechanism, requiring to accelerate the implementation of the urban real estate financing coordination mechanism, support the development and construction of real estate projects, meet the reasonable financing needs of real estate enterprises under different ownership systems without discrimination, and promote the stable and healthy development of the real estate market.
In view of the current financing problems of some real estate projects, the meeting emphasized that all localities should take the project as the object, pay close attention to the study and propose a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their administrative regions, and accurately and effectively support reasonable financing needs. Credit funds should be used in a closed manner and in compliance with regulations, and misappropriation should be resolutely prevented. At the provincial level, it is necessary to track and monitor the implementation of the situation, and strengthen supervision and guidance. At the national level, a project information platform for the urban real estate financing coordination mechanism will be established, and weekly scheduling and monthly reporting will be implemented.
The meeting pointed out that in view of the current financing problems of some real estate projects, all localities should take the project as the object, pay close attention to the study and put forward the list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within the administrative area, and accurately and effectively support reasonable financing needs.
Before the end of January 2024, the first batch of real estate project whitelists may be implemented and loans will be stolen.
It is worth noting that this time it is no longer a "white list of real estate enterprises", but a "white list of real estate projects".
In other words, the object of financing support has been focused from "real estate enterprises" to "projects".
Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, believes that the meeting is the implementation of the financing coordination mechanism, which is to form a specific project to land, so as to explore a mature mechanism for financing coordination.
Li Yujia said that the establishment of a real estate financing coordination mechanism in Nanning and the first batch of 107 real estate projects to local financial institutions have been pushed to the first batch of 107 real estate project "white list", which means that the "white list" will exist in the form of a project list system. Promoting the implementation of the real estate financing coordination mechanism in the form of a project list system is also a key measure to solve the problem of supervision of pre-sale funds.
Previously, on January 12, 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 (hereinafter referred to as the "Notice").
The Circular divides the forms of financing support for projects. The first is for projects with normal development and construction, sufficient collateral, reasonable assets and liabilities, and guaranteed repayment, it is necessary to establish a green channel for credit, optimize the approval process, shorten the approval time limit, and actively meet reasonable financing needs. On the other hand, for projects that encounter temporary difficulties in development and construction, but can basically balance funds, it is necessary not to blindly draw loans, cut off loans, or pressure loans, but to support them by extending the term of existing loans, adjusting repayment arrangements, and adding new loans.
Document 2 has been implemented faster than ever, and if our policies are implemented like this, it will be very beneficial to the development of the economy. A real estate industry insider said about the just-concluded meeting, "The property market needs such timely rain too much!" ”
Document No. 2 refers to the Notice of the State Administration of Financial Supervision of the Ministry of Housing and Urban-Rural Development on the Establishment of an Urban Real Estate Financing Coordination Mechanism (hereinafter referred to as the "Notice") issued by the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision and Administration on January 12, 2024, which clearly guides cities at and above the local level to establish a real estate financing coordination mechanism.
From the issuance of the "Notice" to the follow-up implementation of the policy, the time has only passed half a month.
In fact, earlier on December 11, 2023, the ** Economic Work Conference clearly stated that it is necessary to actively and steadily resolve real estate risks, meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination, and promote the steady and healthy development of the real estate market.
The subsequent "Document No. 2" focuses on real estate financing and is an important guiding document for resolving real estate risks.
Li Yujia said that from the "three arrows" in 2022 to the "16 articles", and then to the end of 2023, the first financial work conference proposed to treat all people equally, the three are not less than, the state attaches more importance to it, but the implementation effect is not good, the main reason is that banks are more worried about risks and have a low degree of trust in real estate companies. Therefore, the degree of attention has begun to shift to the coordination mechanism, that is, the coordination mechanism pushes qualified loan projects, and financial institutions cash in and lend financing to qualified projects.
Importantly, the policy covers a wide range of areas, and the regulation and control policies are distributed to specific cities.
According to people familiar with the matter, the 35 cities participating in the meeting involve 25 provinces, most of which are mainly provincial capitals, and some provinces have several cities participating at the same time. For example, Liaoning includes the cities of Shenyang and Dalian; Jiangsu has four cities: Nanjing, Wuxi, Changzhou and Suzhou; Zhejiang includes the cities of Hangzhou and Ningbo; Fujian includes Fuzhou and Xiamen; Shandong includes Jinan and Qingdao; Guangdong includes four cities: Guangzhou, Shenzhen, Foshan and Dongguan.
It is foreseeable that the "white list of real estate projects" will be very long.
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Article**: Leju Finance