Recently, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision have held meetings to strengthen financial support for real estate. Among them, the Ministry of Housing and Urban-Rural Development proposed to "pay close attention to research and propose a list of real estate projects that can be given financing support", while the State Administration of Financial Supervision requires screening and determining support projects and pushing them to financial institutions. At the same time, the People's Bank of China and the State Administration of Financial Supervision also jointly issued the Notice on the Management of Operating Property Loans to help real estate enterprises revitalize their stock assets and ease the pressure on the capital chain.
The core of this series of policy measures is to establish a coordination mechanism for urban real estate financing to solve the difficulties and problems in real estate financing and promote a virtuous cycle between finance and real estate. Experts believe that this will help to broaden the financing channels of real estate enterprises, meet the reasonable financing needs of real estate enterprises of different ownership, and promote the steady and healthy development of the real estate market.
Specifically, all localities will study and propose a list of real estate projects that can be financed and support for projects, and coordinate local financial institutions to issue loans, so as to more accurately and effectively support the reasonable financing needs of the real estate industry. For eligible projects, the State Administration of Financial Supervision will establish a green channel for credit granting, optimize the approval process, shorten the approval time limit, and actively meet reasonable financing needs.
At the same time, the "white list" policy for real estate projects will promote the precise docking of real estate enterprises and financial institutions, and improve the enthusiasm of financial institutions to support real estate enterprises. This also echoes the newly released "Notice on Doing a Good Job in the Management of Operating Property Loans", which is expected to help large real estate enterprises quickly revitalize their stock assets and ease the pressure on the capital chain.
Analysts said that the recently released real estate finance policy emphasizes the coordination and cooperation of different departments, highlighting the centralized linkage of a package of policies. This will not only help tap the new financing space in the real estate industry, but also help protect the legitimate rights and interests of home buyers.
Looking back on last year, financial support for real estate continued to increase, and the total amount of development loans and housing mortgage loans issued by banks was close to 10 trillion yuan. In 2023, banks also provided more than 1 trillion yuan of support to real estate enterprises through the issuance of bonds, the provision of M&A loans, and the extension of existing loans. Banks in many places have also signed cooperation agreements and financing intentions with real estate companies.
Looking forward to the future, experts, the dilemma of real estate enterprises and projects will gradually ease, and time and space will be won for building a new model of real estate development. In the future, more financial policies may be introduced that are beneficial to real estate enterprises, and commercial banks and financial institutions may extend the lending cycle of some real estate loan projects to better meet the reasonable financing needs of real estate enterprises and steadily resolve liquidity risks in the real estate sector.