On the evening of January 12, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision jointly issued a notice, requiring cities at and above the local level to establish a real estate financing coordination mechanism headed by the responsible comrade in charge of housing and urban-rural construction in the city, and the local housing and urban-rural development department and the State Administration of Financial Supervision as member units. At present, it has been more than a month since the issuance of this notice, what are the new developments?
The first batch of "white lists" of real estate projects was released, and multiple departments coordinated and linked to promote the implementation of policies
According to the requirements of the notice of the two departments, all localities should speed up the establishment of a real estate financing coordination mechanism with the city as the core, put forward a "white list" of real estate projects that can give financing support, and push it to commercial banks within their respective administrative regions to meet the reasonable financing needs of real estate projects and enterprises. As of the end of January, 170 cities in 26 provinces have established a coordination mechanism for urban real estate financing, and the first batch of "white lists" of real estate projects have been proposed to be pushed to commercial banks, involving a total of 3,218 real estate projects. After receiving the list, the commercial bank reviewed the projects in accordance with the regulations, and has issued loans to 83 projects in 27 cities with a total of 178600 million yuan. The effects of the coordination mechanism are being felt.
On February 6, the State Administration of Financial Supervision proposed that the regulatory bureaus should set up a special working group, take the initiative to strengthen coordination and cooperation with local governments and housing and construction departments, actively participate in the work of the coordination mechanism, and timely grasp the operation of the coordination mechanism in each city under its jurisdiction. Guide and urge banks within their jurisdiction to improve their systems and processes, and try their best to meet reasonable financing needs. In accordance with the requirements of the coordination mechanism, all supervision bureaus should summarize good experiences and practices, and increase replication and promotion. The existing problems and blockages should be reported in a timely manner, and carefully studied and effectively solved through the coordination mechanism, so as to help the stable and healthy development of the real estate market within the jurisdiction. All commercial banks should take the initiative to connect with the coordination mechanism, carry out timely review of the list of real estate projects to be pushed, speed up the approval of credit, and achieve "full satisfaction" for reasonable financing needs.
The supervision bureaus of Beijing, Shanghai, Guangdong, Zhejiang, Jiangsu, Anhui, Sichuan, Chongqing and other places of the State Administration of Financial Supervision have also held special meetings to clarify that they should meet the reasonable financing needs of real estate enterprises of different ownership without discrimination, support the normal construction of real estate projects under construction, and safeguard the legitimate rights and interests of the majority of buyers. For projects with normal development and construction, sufficient collateral, reasonable assets and liabilities, and guaranteed repayment, banks should actively meet reasonable financing needs; For projects that encounter temporary difficulties in development and construction but can basically balance funds, we will not blindly draw loans, cut off loans, or pressure loans, but will support them by extending existing loans, adjusting repayment arrangements, and adding new loans. It is necessary to implement the requirements of loan management, do a good job in risk assessment, and clarify reasonable financing standards. It is necessary to strengthen the management of the use of loan funds and strictly prevent credit funds from being misappropriated for land purchase or other investment.
A number of banks intensively dock real estate "white list" projects
So, what is the progress of the docking of the "white list" projects pushed by the real estate financing coordination mechanism in various places?
China Construction Bank said that at present, local branches take the initiative to connect, manage projects in a first-class and list-based manner, formulate plans for qualified projects "one household, one policy", determine the project leader, and meet the project financing needs in a timely manner. Since receiving the first batch of lists at the end of January, CCB has docked more than 2,000 projects, approved nearly 100 projects, and approved more than 20 billion yuan of pending investment. Recently, CCB branches in Beijing, Fujian, Anhui and Henan have invested nearly 3 billion yuan in 5 projects.
The Agricultural Bank of China said that for eligible projects pushed by the coordination mechanism, all branches will simplify the process, expand authorization, strengthen resource guarantees, and establish green channels to ensure that project financing is implemented as soon as possible. As of February 11, ABC has docked more than 2,700 projects under the coordination mechanism. Since the special meeting of the State Administration of Financial Supervision on January 26, more than 10 new projects have been approved, with nearly 5 billion yuan of loans approved, of which private enterprises and other non-state-owned enterprises account for more than 80%.
The Industrial and Commercial Bank of China (ICBC) said that since the project list was pushed by various places on January 30, as of February 8, ICBC has docked more than 2,000 projects, and took the lead in realizing loans for multiple projects in multiple cities, including both state-owned and private real estate enterprises, to meet the reasonable financing needs of real estate enterprises of different ownership systems without discrimination.
Bank of China said that for the projects included in the list of real estate projects of the coordination mechanism of various cities, Bank of China immediately set up a special team for front, middle and back office work to effectively improve the quality and efficiency of the whole process of credit granting. In accordance with the principles of marketization and rule of law, we will actively meet reasonable financing needs. Up to now, more than 2,000 projects have been docked with the coordination mechanism, and more than 110 projects have been approved, with a total amount of about 55 billion yuan. Among them, a total of 75 projects have been approved and completed, with a total amount of nearly 40 billion yuan.
Bank of Communications said that since January 30, the list of projects was pushed to various places, and as of February 13, the Bank of Communications has obtained and docked 1,442 projects on the list, and has realized loan delivery for some of them. After receiving the first batch of project lists, the Qingdao Branch of the Bank of Communications realized the first project in the list in only 3 days, becoming the first project to be launched after the establishment of the urban real estate financing coordination mechanism in Qingdao.
The Postal Savings Bank of China said that up to now, the Postal Savings Bank has docked more than 800 projects of the urban real estate financing coordination mechanism, involving an amount of more than 200 billion yuan, covering 10 provinces such as Henan, Sichuan and Guangxi, involving 5.7 billion yuan of project financing of the host bank. The Henan branch of the Postal Savings Bank approved the credit of 1.9 billion yuan for the "white list" project before the Spring Festival and issued the first loan.
In addition, as of February 9, China CITIC Bank has obtained a total of 872 projects pushed by the coordination mechanism, and each branch has adopted the working method of "one project, one team, and a special person in the team" to quickly evaluate the push projects, use the green channel for rapid approval, and make concerted efforts to ensure the implementation of the projects. China Minsheng Bank has received 867 projects from the financing coordination mechanism. Among them, 3 loans have been put into Nanning "Beitou Lotus Garden" project300 million yuan, and all branches are currently carrying out due diligence and project evaluation for other projects.
The reporter simply added up the "white list" docking projects received by the above banks, and the current number has reached more than 12,000. Of course, there are certainly not so many "whitelist" projects pushed by the real estate financing coordination mechanism in various places, and many projects are pushed to multiple banks at the same time.
The relevant person in charge of the Ministry of Housing and Urban-Rural Development previously said that there are two main reasons for the current tight cash flow of real estate enterprises, one is market demand, and the other is corporate financing.
The introduction of the real estate financing coordination mechanism is mainly to solve the financing problem. At present, the "white list" proposed by various places is a list of real estate projects under construction as financing support objects, and it is a project rather than a real estate enterprise. In addition, entering the "white list" does not mean that the real estate project will necessarily obtain a loan from the bank, and the banks will decide whether to give support in accordance with the principles of marketization and rule of law, according to the actual situation of project development and construction, collateral, assets and liabilities, repayment, etc. Moreover, even if the credit line is approved, the bank will gradually issue loans according to the progress of the project, not only to prevent enterprises from misappropriating funds for land purchases, but also not to use the financing obtained from this project to make up for the lack of funds for other projects.
Industry experts said that through precise delivery, to meet the reasonable financing needs of real estate project development and construction, financial institutions can turn the situation of excessive risk aversion of financial institutions into a virtuous cycle of finance and real estate, thereby promoting the normal development and construction delivery of real estate projects, thereby helping market confidence to recover and improve market expectations.
*: CCTV News.
Breaking news and rights protection channel: the application market **"Chen**" client, search for "help" and go directly to the "Chenyi Help" platform with one click; Or call **0731-85571188. Special 19176699651 for government and enterprise content services.