As of February 5, 170 cities in 26 provinces have landed financing coordination mechanisms, 3,218 white lists, and nearly 18 billion yuan of financing.
The whitelist is simple but not simple, and the core requirement is that the project is under construction and for sale and must be "transparent", that is, the flow of project funds can stand the test, and the corresponding mortgage value of the project meets the operational requirements of commercial banks. According to industry insiders, excluding market sales factors, the binding force and difficulty of this condition are second only to the three red lines.
The whitelist champion was unsurprisingly won by Sunac, once again proving something outside the market.
1. Sunac sub-area: correct.
The high "winning rate" of Sunac's white list is closely related to the provinces it has previously chosen to enter, which also proves that Sun Hongbin's investment direction is correct. Hubei, Shandong, Shaanxi, Beijing-Tianjin, Henan, and Liaoning, which are the first batch to establish mechanisms, basically have Sunac's key layout, and almost 100% of the projects in their regions have been selected.
2. Sunac Landing City: Accurate.
The first batch of more than 90 projects to enter the white list involve cities such as Shenyang, Zhengzhou, Xi'an, Beijing, Tianjin, Qingdao, Wuhan, Chengdu, Chongqing and Kunming. The dazzling is Xishuangbanna, and there are also projects included in the whitelist.
With the return of the king of the Shanghai Dongjiadu project, which was previously bailed out by AMC CITIC Financial (formerly China Huarong), Sunac's key projects in core cities have all entered the white list.
Don't think that as long as the reported projects can be entered into the whitelist, such as Shimao, which is earlier than Sunac, only 16 of the more than 40 reported projects were finally admitted.
3. Sunac sub-project: effective.
From the whitelist to spontaneous reporting to admission, Sunac's project has the highest acceptance rate and the fastest approval, which is beneficial to the quality of the project. As mentioned above, the whitelist requires that the project is guaranteed after financing, which is fundamental, and its main sign is that it can resume work and production immediately after financing, and can provide complete project information, especially capital information, when financing, and it is easy to determine the value of the collateral.
4. Sunac self-help: broad vision, proper way, simple and efficient.
Of course, the quantity and quality of the first batch of whitelists harvested by Sunac are far ahead, and all parts of the country have also seen the outstanding "performance" of Sunac and its founder Sun Hongbin on the road of self-help after the thunderstorm, showing vision, method, and efficiency, which is refreshing. Sunac's bail-out and self-help strategy was commended above.
5. Sunac took the lead in highlighting the encirclement, which is just around the corner.
Sunac's difficulties are mainly in the market, because of the damage to "credit", in 2023, Sunac will be listed as a dishonest person to execute a relatively large number, involving more than 400 cases of 21.1 billion yuan, and some projects have been suspended so far.
It is expected that the whitelist champion will correct Sunac's name, repair corporate credit, and match the best products with the most correct families.
February** Dynamic Incentive Program