1. Accelerate the establishment of a national real estate financing coordination mechanism.
According to the latest data from the Ministry of Housing and Urban-Rural Development, as of February 20, 214 cities in 29 provinces across the country have established real estate financing coordination mechanisms. These cities have screened out a total of 5,349 "whitelist" projects that can provide financing support, and have been pushed to commercial banks. Encouragingly, 162 projects in 57 cities have been bank-financed, totalling 294300 million yuan, an increase of 11.3 billion yuan compared with before the Spring Festival holiday. This move has undoubtedly injected strong impetus into the steady development of the real estate industry.
Second, the LPR** was lowered, and the market activity increased.
On February 20, the People's Bank of China authorized the National Interbank Lending Center to announce that the 1-year loan market** interest rate (LPR) was lowered to 345% compared to 3 in the previous month45%；LPR with a term of more than 5 years is reported as 395% compared to 4 in the previous month2%。This change is of great significance for promoting market activity and reducing the burden on enterprises.
3. Anhui strengthens the real estate financing docking mechanism.
In order to further consolidate and enhance the positive trend of economic rebound, Anhui Province issued the "Notice on Several Policy Measures to Consolidate and Enhance the Positive Trend of Economic Recovery". Among them, it is clearly stated that it is necessary to improve the "white list" financing docking mechanism for real estate projects, and guide commercial banks to meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination. At the same time, we will continue to implement the preferential policy of exempting new energy vehicles from vehicle purchase tax and individual income tax for residents purchasing housing. Special residential maintenance funds are allowed to be used for the renovation of old residential areas and the renovation of old residential elevators, and residents of old urban communities are supported to withdraw their housing provident funds for the installation of elevators in their own houses and the renovation of their spouses and parents. In addition, all localities are encouraged to adjust and optimize real estate policies according to local conditions, implement phased housing purchase subsidies, and establish a new mechanism for the linkage of "people, housing, land and money" to meet the demand for rigid and improved housing.
Fourth, Shanghai's financial support for urban renewal and the implementation of special loans for the transformation of urban villages.
China Development Bank Shanghai Branch issued the first special loan for urban village renovation to Shanghai Jinqiao (Group)**155.8 billion yuan will be used for the preliminary work and expropriation compensation of urban village reconstruction projects in Xiaowan Village, Duer Village and other plots in Tangzhen, Pudong New Area. This initiative has given a strong impetus to Shanghai's urban renewal process.
Fifth, Quanzhou introduced a new policy to attract talents to buy houses.
Quanzhou City recently issued the "Eight Hard-core Policies on Further Accelerating the Gathering of Young Talents to Lead and Support the High-quality Development of the Private Economy", which includes providing housing subsidies of 80,000 yuan, 60,000 yuan, 40,000 yuan, 20,000 yuan and 10,000 yuan respectively to doctoral and master's students who are newly introduced to the private enterprises and private non-enterprise units to work or start their own businesses in Quanzhou for the first time. This new policy will help attract more talented people to live and work in Quanzhou.
6. The list of the first batch of financing supported real estate in Xiamen was pushed to the bank, and the project was supported by financing.
Xiamen has sent the first batch of real estate projects to banks, and two projects have received 2.2 billion yuan of financing support. This initiative will further promote the healthy development of Xiamen's real estate market.