Reporter Feng Yao.
On January 30, the first loan of the "white list" of real estate projects landed in Nanning, Guangxi. According to incomplete statistics, as of February 2, eight places, including Nanning, Chongqing, Chengdu and Yunnan, have pushed the first batch of real estate project "white lists" to financial institutions, with a total financing demand of more than 350 billion yuan.
Unlike expectations, this long-rumored "white list" is accurate from the name of the real estate company to the name of the project. For the precise "blood transfusion" of real estate projects, a number of real estate companies interviewed by the reporter said that it is easier to enter the list of insured real estate enterprise projects, local real estate enterprises and urban investment projects that have the need to "ensure delivery".
However, some analysts believe that because it is for the "precision irrigation" of real estate projects, how to achieve special funds will be very critical.
8 places intensively announced the "white list".
On the evening of January 30, Nanning, Guangxi took the lead in announcing that it had established a real estate financing coordination mechanism and pushed the first batch of 107 real estate projects to local financial institutions. The items in the list have received 3The bank development loan of 300 million yuan marks the official landing of the first "white list" of urban real estate projects.
Chongqing announced on January 31 that the Chongqing Supervision Bureau of the State Administration of Financial Supervision and Administration has jointly pushed the first batch of real estate projects to financial institutions, including 314 projects such as Huayu City Phase II and Longhu Haicheng Qingyunque, with financing needs of about 83 billion yuan, involving 22 financial institutions.
On the same day, the first batch of list reviews for Chengdu's project financing application was completed, including 208 project enterprises and 227 projects. Yunnan also announced that it had screened and identified the first batch of 619 real estate "white list" projects before January 31, with a financing demand of 151.9 billion yuan.
In addition, the first batch of real estate projects in Qingdao and Wuhan have also been sorted out, involving 84 projects and 101 projects respectively, with financing needs of 250 respectively200 million and 5417.3 billion yuan. It is reported that the first batch of real estate project financing "white list" in Wuhan has been pushed to various financial institutions, and the second batch is also being sorted out.
The Wuhan Municipal Housing Management Bureau said that the next step will be to actively build a communication platform between the government and the bank and enterprises, establish and improve the weekly and monthly docking and scheduling mechanism, track the progress of project financing in a timely manner, and strengthen the normalized management of the project.
According to incomplete statistics, in the three days from the evening of January 30 to February 2, eight places, including Nanning, Chongqing, Chengdu, Yunnan, Xi'an, Harbin, Qingdao and Wuhan, have pushed the first batch of real estate project "white lists" to financial institutions, with a total financing demand of more than 350 billion yuan.
What items can be escalated?
Previously, there has been rumors in the market that a "white list" containing the names of 50 real estate companies will be announced. However, 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", proposing to accurately support the reasonable financing needs of real estate projects.
This document may be seen as the beginning of the "white list" system for real estate projects, after which various localities began to sort out eligible real estate projects.
On January 26, the Ministry of Housing and Urban-Rural Development said at the deployment meeting of the urban real estate financing coordination mechanism 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 propose a list of real estate projects that can give financing support, coordinate the issuance of loans by financial institutions within the administrative area, and accurately and effectively support reasonable financing needs.
The long-rumored "white list" has been officially accurate from the name of the real estate company to the name of the project.
According to a person familiar with the project declaration, the "white list" is declared by real estate companies according to their own conditions and corresponding conditions, and then sorted out by the ** department, classified according to the respective circumstances and specific qualifications of the project, and then the projects with better qualifications are preferentially selected.
According to the above-mentioned person, as long as the project meets the conditions listed by the official, it can be declared and has the opportunity to be shortlisted, and the project will not be excluded because of the company's main problem. However, he also said that projects under development and construction, projects of insuring real estate enterprises with the need of "guaranteed delivery", local real estate enterprises and urban investment projects are more likely to enter the list.
In fact, there are five conditions that need to be met in order for a project to be eligible for financing under regulatory requirements.
First, the project is under construction, including a short-term shutdown but can resume work immediately after the funds are in place, and can be completed and delivered; second, it has collateral or mortgage guarantee that basically matches the financing amount; Third, the host bank that intends to apply for the loan has been clarified, and the loan funds are subject to closed management; Fourth, the pre-sale funds have not been withdrawn, or the misappropriated funds have been recovered in a timely manner; Fifth, a plan for the use of loan funds and a plan for completion have been preliminarily formulated.
However, from the perspective of the industry, it is difficult to meet the two requirements of "collateral" and "pre-sale funds have not been withdrawn" for private enterprise projects with high turnover.
It is worth mentioning that a person from a real estate company who did not want to be named told reporters that not all real estate companies are willing to appear in the "white list" with their names. The person said, "Some real estate companies are currently in a relatively good cash flow situation, and once they enter the list, it will cause unnecessary misunderstandings in the market." ”
"Precision irrigation".How did it work?
For real estate companies whose projects have entered the "white list", can the financing pain points be solved?
A real estate company in South China believes that this "precision irrigation" mechanism is of obvious benefit to solving the difficulties encountered by insurance real estate companies in financing. In his view, if the problem of insuring real estate companies is solved, the doubts of home buyers and the decline in sales will also be alleviated to a certain extent.
However, he also said that from the perspective of the "white list" of real estate projects itself, it is more like a part of the pre-loan risk control of financial institutions. Banks need to evaluate how to implement the project, whether to lend to the project, and whether to set the interest rate.
Xiao Feifei, chief analyst of the banking industry at CITIC, also believes that under the real estate financing coordination mechanism, banks have a high degree of autonomy. Credit delivery is still subject to prudent risk assessment, and credit cooperation is carried out on a merit-based basis after taking into account factors such as the developer's qualifications, repayment** and income.
However, some analysts believe that for the accurate financing of real estate projects, in addition to continuing to open up the banking link, how to do a good job in closed-loop management of funds and special funds is also very crucial.
It should be mentioned that the Ministry of Housing and Urban-Rural Development held a meeting on the deployment of the urban real estate financing coordination mechanism, with a total of 35 cities participating. It is foreseeable that under the policy requirements of establishing an urban real estate financing coordination mechanism, more cities will follow up the "white list" of real estate projects in the future.
In fact, for the "relaxation" of real estate financing, the trend of precise "blood transfusion" has been more obvious. On January 24, the People's Bank of China (PBOC) issued the Notice on the Management of Operating Property Loans to support high-quality and compliant real estate enterprises by revitalizing the stock assets represented by commercial real estate and operating properties with better comprehensive benefits. This policy also targets real estate companies with high-quality commercial assets.
Editor: Captain Review: Xu Wen.