Financial support is crucial to the stable and healthy development of the real estate market, on January 12, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision issued the "Notice on the Establishment of Urban Real Estate Financing Coordination Mechanism" (hereinafter referred to as the "Notice"), and the two departments recently held a meeting to deploy the implementation of this mechanism.
After the meeting, all localities acted quickly and actively reported the first batch of financing support "white list" projects. Recently, the first batch of project declarations in various places have gradually landed, which means that the real estate financing support policy has made substantial progress, which is conducive to stabilizing expectations and stabilizing the market.
Establish a coordination mechanism for urban real estate financing
In order to meet the financing needs of enterprises of different ownership systems and more accurately support the reasonable financing needs of real estate projects, the "Notice" has the following characteristics:
The financing coordination mechanism and division of responsibilities have been clarified
The coordination mechanism is headed by the responsible comrade in charge of housing and urban-rural construction at the local level, and the local housing and urban-rural development department and the dispatched agency of the State Administration of Financial Supervision are the member units, and the policy synergy is formed through regular consultations, problem coordination and resolution, and the establishment of a bank-enterprise communication platform.
Key support targets were identified
Propose a list of real estate projects that can be given financing support. It is important to note that the Coordination Mechanism proposes a list of projects, not a list of enterprises.
The idea of classified management has been refined
According to the project development and construction, fund balance, etc., differentiated financing support will be given. At the same time, we should strengthen the closed management of loan funds to prevent misappropriation of funds.
Do a good job of supporting service guarantee
The relevant departments will provide support and guarantee for the financing of the projects in the list in terms of administrative licensing, information sharing, and mortgage of projects under construction.
The establishment of the coordination mechanism for urban real estate financing will play a positive role in three aspects:
1. More actively unite all parties to work together and respond pragmatically to market demands
It will give full play to the role of various entities, make long-term plans in terms of institutional mechanisms, and jointly promote the steady and healthy development of the real estate market. The main manifestations are: first, strengthening the local territorial responsibility; the second is to enhance the confidence of financial institutions and guide them to meet reasonable financing needs; The third is to consolidate the main responsibility of real estate development enterprises, and strive to form a joint force to respond to market pain points and difficulties.
2. Resolve project risks more accurately and support reasonable project financing
It clearly distinguishes between group risks and project risks, selects support objects through the evaluation of market-oriented and law-based principles, and provides precise support for relatively high-quality real estate projects in terms of establishing a green channel for credit, shortening the approval process, planning the use of funds, and adjusting repayment arrangements.
3. More effectively open up the circulation blockage points and promote the virtuous cycle of the industry
It is conducive to reaching a consensus between the risk appetite of financial institutions and the financing needs of real estate enterprises, supporting project development and construction, and dredging the supply and demand cycle of the real estate industry itself and the virtuous cycle between finance and real estate.
"White list" of real estate projects
According to reports, the Ministry of Housing and Urban-Rural Development requestedThe first batch of real estate financing projects to enter the whitelist needs to meet 5 conditionsThey are:
The project is under construction. If the project is suspended for a short period of time, but the funds are in place to resume construction and delivery, it can also be included;
There is collateral that basically matches the financing amount;
Identify a loan sponsor bank and establish a closed supervision system for loan funds;
The pre-sale funds have not been withdrawn or the pre-sale funds have been recovered;
Develop a plan for the use of the loan and a plan for the completion of the project.
The above conditions set requirements in terms of project development progress, collateral status, capital compliance, etc., and set standards for the project to enter the white list.
According to ** reports,Up to now, 107 projects have been pushed in Nanning, Guangxi, 314 projects have been pushed in Chongqing, 84 projects have been sorted out in Qingdao, 212 projects have been sorted out in Kunming and 212 have been sorted out in the first batch of real estate projects, 54 have been sorted out in Xi'an, and some real estate companies in Guangdong have also applied for project financing whitelistOf course, the first batch of project declarations in various places is still continuing.
With the implementation of the "white list", more projects will receive financing support, which can alleviate the financial pressure of enterprises on the one hand, and on the other hand, it will further stabilize market expectations and promote the release of housing demand. Demand-side and enterprise-side government.
Xi'an property market information