**:Scroll.
*: China Real Estate News.
As of February 28, 276 cities in 31 provinces across the country have established urban financing coordination mechanisms, with a total of about 6,000 real estate projects proposed, and commercial banks have quickly screened projects and approved loans of more than 200 billion yuan.
According to the deployment of the special meeting, on the morning of February 29, 2024, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision jointly held a scheduling meeting on the work of the urban real estate financing coordination mechanism. **Deputy Secretary-General Xu Shouben, Minister of Housing and Urban-Rural Development Ni Hong, Director of the State Administration of Financial Supervision Li Yunze, Vice Minister of the Ministry of Housing and Urban-Rural Development Dong Jianguo, and Deputy Director of the State Administration of Financial Supervision Xiao Yuanqi attended the meeting. The deputy secretary-general of the provincial (autonomous region, municipal) people, the main responsible comrades of the member units of the provincial real estate financing coordination mechanism, the responsible comrades of the people's leaders of the prefecture-level cities, the main responsible comrades of the member units of the urban real estate financing coordination mechanism, and the main responsible comrades of the head offices and branches of 6 large state-owned commercial banks, 12 joint-stock banks and other commercial banks attended the meeting.
Since the deployment of the urban real estate financing coordination mechanism in January, all localities and relevant financial institutions have acted quickly to establish mechanisms, put forward lists, and grasp implementation, and the work has made a good start. As of February 28, 276 cities in 31 provinces across the country have established urban financing coordination mechanisms, with a total of about 6,000 real estate projects proposed, and commercial banks have quickly screened projects and approved loans of more than 200 billion yuan.
The meeting pointed out that all cities should thoroughly implement the decision-making and deployment, take advantage of the momentum, and expand the effectiveness of the financing coordination mechanism. In the long run, it is a powerful starting point for building a new model of real estate development and accelerating the linkage of "people, real estate, land and money". All relevant parties should pay close attention to solving the problems in the progress of the work, fully support the financing and construction delivery of real estate projects under construction, protect the legitimate rights and interests of buyers, effectively support the sales of existing houses, and stabilize market expectations.
The meeting emphasized that all localities should do a solid job in the relevant work of the financing coordination mechanism, pay attention to the quality of the "white list" of the project, grasp the progress of the work, grasp the project construction, and grasp the publicity and guidance. In accordance with the principle of "building as much as possible" of the coordination mechanism, before March 15, cities at and above the prefecture level should establish a financing coordination mechanism, which should not only complete the "white list" push with high quality, but also coordinate and solve the difficult problems of the project with high efficiency. It is necessary to do a good job in project screening in strict accordance with the standards, and form the first batch of qualified projects after confirmation by financial institutions. Financial institutions should expedite their reviews. In accordance with the closed-loop work of "push-feedback", financial institutions should timely feedback the problems existing in the project, and the urban financing coordination mechanism should solve them as soon as possible, and push them to financial institutions again after the project meets the conditions, so as to jointly promote the financing as soon as possible. The provincial financing coordination mechanism should supervise and guide the city's push projects, and urge the city to remove unqualified projects from the "white list" in a timely manner. The Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision will establish a joint scheduling and timely reporting mechanism to regularly report on the implementation of the financing needs of provinces and cities.
The meeting required that financial institutions should establish a special working mechanism, optimize the loan approval process, improve the approval system, and refine the due diligence exemption regulations. It is necessary to take the initiative to connect with the financing coordination mechanism, speed up the approval of credit in accordance with the principles of marketization and rule of law, improve the efficiency of project implementation, and meet reasonable financing needs. It is necessary to implement the closed-loop management of the project, and timely feedback on relevant problems for projects that cannot provide financing for the time being. It is necessary to strengthen the closed-loop management of "issuance-use-repayment" of loans, prevent loans from being misappropriated, and ensure the safety of credit funds.