Author: Yun Xian.
Under the cold winter of real estate, led by the Ministry of Housing and Urban-Rural Development and other departments, the "project financing white list" of real estate in various places is advancing at a speed beyond imagination. On January 12, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision issued the "Notice on the Establishment of an Urban Real Estate Financing Coordination Mechanism", proposing that according to the development and construction of real estate projects and the qualifications, credit, and financial conditions of project development enterprises, in accordance with the principle of fairness and justice, a list of real estate projects that can be given financing support is proposed and pushed to financial institutions within the administrative region.
One stone stirred up a thousand waves, and the "white lists" from all over the country broke the ground.
According to the official WeChat account of China Construction News, in order to meet the reasonable financing needs of real estate projects and enterprises, according to the statistics of the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision, as of the end of January, 170 cities in 26 provinces have established an urban real estate financing coordination mechanism, put forward the first batch of real estate project "white list" and pushed it to commercial banks, involving a total of 3,218 real estate projects.
Among them, it involves a number of projects of real estate enterprises that have been insured.
It is worth mentioning that with the real estate white list that continued to ferment in November last year, it was once rumored that it would be "aimed at the white list of 50 real estate companies", including state-owned real estate enterprises and private real estate enterprises, but so far the batch of projects has been exposed, and the white list of real estate companies that has not been announced for a long time is likely to have been misperformed.
Although they are all whitelisted, from real estate companies to individual projects, the meaning behind them is clear: only recognize the project, not the company! Industry insiders pointed out that the project involves the vital interests of home buyers and is related to people's livelihood, so the delivery of the building is still the focus of attention, rather than giving the insurance real estate enterprise support, and the possibility of saving the real estate enterprise is getting smaller and smaller.
In addition to enterprises, the local demand for real estate project financing is beyond imagination, and the once difficult market has now been transformed into new demand. From the perspective of the cities that have released financing needs, Guangxi has the most urgent financing needs, and Yunnan has the largest amount of financing.
On January 26, the Ministry of Housing and Urban-Rural Development held a deployment meeting of the urban real estate financing coordination mechanism, which proposed that the national level will establish a "project information platform for urban real estate financing coordination mechanism" weekly scheduling and monthly notification system, and clarify that the first batch of project lists can be obtained after the end of January.
According to public information and ** reports, only 4 days after the end of the relevant deployment meeting, Nanning, Guangxi established a financing coordination mechanism on January 30, officially announced that the first batch of 107 real estate projects were pushed to local financial institutions, and the first loan was obtained, with an amount of 3300 million yuan, and the financing project is the project "Beitou Heyuan", a project of the local urban investment company.
On January 31, the Chongqing Housing and Urban-Rural Development Department also issued an official news saying that the first batch of 314 real estate projects had been screened out to enter the white list, with a financing demand of about 83 billion yuan, involving 22 financing institutions; On the evening of January 31, the Chengdu Housing and Urban-Rural Development Department also released an official announcement to complete the first batch of whitelist reviews, covering 227 real estate projects. Hubei has a total of 221 projects, including 101 in Wuhan alone, 314 in Chongqing and 227 in Chengdu.
Yunnan identified the first batch of 619 white-list projects, with a financing demand of 151.9 billion yuan. Among them, there are 212 projects on the white list in Kunming alone, with a financing demand of about 91.6 billion yuan. According to the Beijing News, as of February 4, the cumulative financing demand of the 11 provinces and cities that have released the white list of real estate project financing exceeds 370 billion yuan, and the financing demand of Yunnan Province accounts for about 41% of the total amount of the first batch; Kunming alone also accounts for nearly 25% of the financing needs.
Do you enter the whitelist and you will be rescued? In the eyes of some industry analysts, whitelists make sense, but they don't really work. The real estate project entering the white list does not mean that it will be able to obtain financing from financial institutions, and the local government will push the real estate project white list to the financial institutions in the region, and then these financial institutions will screen out the projects that can issue loans. Therefore, the final decision rests with the financial institution.
In other words, the projects on the whitelist have obtained financing tickets, and they still need to face the bank's prudent evaluation and screening, including considering comprehensive factors such as developers' qualifications, repayment and income, before they can choose the best cooperation. Although each bank has different processes and standards, it remains to be seen how it will be implemented.
However, the important thing is that the precise blood transfusion for the real estate whitelist project means that it is a special fund, which is more feasible and easier to implement for banks, and the risk of credit delivery and ** is reduced compared with the past.
From another point of view, if the project can be self-reliant, no longer need corporate blood transfusion, and even be able to break through the sales bottleneck to feed the enterprise, it is not a good thing for the real estate companies that are out of risk.