On February 6, the State Administration of Financial Supervision and Administration (i.e., the "State Administration of Financial Supervision") held a special meeting to further deploy and implement the relevant work of the urban real estate financing coordination mechanism. In fact, this is the first time in half a month that the State Administration of Financial Supervision has once again "spoken" on the "real estate financing coordination mechanism".
At the meeting on February 6, the State Administration of Financial Supervision made it clear on the one hand that local regulatory bureaus should set up special working groups, take the initiative to strengthen coordination and cooperation with local governments and housing and urban-rural development departments, actively participate in the work of the coordination mechanism, and timely grasp the operation of the coordination mechanism in various cities under its jurisdiction.
On the other hand, the meeting also further proposed to the commercial banks that they should take the initiative to connect with the coordination mechanism, review the list of real estate projects in a timely manner, speed up the approval of credit, and achieve "full satisfaction" for reasonable financing needs. At the same time, all commercial banks should also establish a special working mechanism internally, optimize the loan approval process, refine the due diligence exemption regulations, and guide and urge all branches to strengthen the investigation of real estate projects in their jurisdictions to fully grasp the situation. Matters that need to be resolved through coordination should be reported to the Coordination Mechanism in a timely manner and resolved through a timely manner.
Previously, on January 26, the State Administration of Financial Supervision held a meeting and proposed to "deploy and promote the implementation of the relevant work of the urban real estate financing coordination mechanism".
At the meeting on January 26, the State Administration of Financial Supervision pointed out that ** attaches great importance to the stable and healthy development of the real estate market. At the beginning of January this year, 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, requiring cities at and above the local level to establish an urban real estate financing coordination mechanism. The coordination mechanism is an important measure to implement the decision-making and deployment of the first financial work conference, meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination, and promote the virtuous cycle of finance and real estate.
According to the February 6 meeting, recently, the real estate financing coordination mechanism related work has made positive progress, most cities have established an urban real estate financing coordination mechanism, put forward a real estate project "white list" and pushed to commercial banks, commercial banks responded positively, effectively docked the project list, has provided a number of new financing and loan extension, to meet the reasonable financing needs of real estate projects.
It is reported that the State Administration of Financial Supervision attaches great importance to the work related to the coordination mechanism, and Li Yunze, Secretary of the Party Committee and Director of the Bureau, has promoted the deployment many times. Xiao Yuanqi, member of the party committee and deputy director of the bureau, presided over the meeting on 6 February and delivered a speech, which was attended by the principal responsible persons of the supervision bureaus of the State Administration of Financial Supervision and the responsible persons in charge of national commercial banks.
Edited by Yue Caizhou.
Proofread by Diyan Chen.