, let’s sort out three sharp arrows have been shot at all levels in recent times, focusing on supporting the development of the real estate industry.
The first arrow, 16 financial items. On November 21, the People's Bank of China and the China Banking and Insurance Regulatory Commission jointly held a national commercial bank credit work symposium and emphasized that it is necessary to fully implement the long-term mechanism of real estate, implement differentiated housing credit policies "in accordance with the city" to support rigid and improved housing needs. Maintain stable and orderly real estate financing, stabilize the issuance of real estate enterprise development loans and construction enterprise loans, support the reasonable demand for personal housing loans, and support the reasonable extension of existing financing on the premise of ensuring the safety of debt rights. Make good use of private enterprise bond financing support tools and support private real estate companies to issue bonds and financing.
People's Bank of China and China Banking and Insurance Regulatory Commission issued a notice on November 23 on doing a good job in the current financial support for the stable and healthy development of the real estate market, and proposed 16 specific measures from six aspects: maintaining stable and orderly real estate financing and providing financial services for "insurance and delivery". What’s even more amazing is the speed of implementation, which released 1.27 trillion yuan in just two days from the 23rd to the 24th. Among them, ICBC alone provided 650 billion yuan in financing support with 12 real estate companies, and ICBC , Bank of China , and Postal Savings Bank provided 150 billion yuan in credit. The process is simple and efficient, which is shocking.
second arrow, bond financing .
On November 8, the China Interbank Market Transaction Banking Dealers Association and the Real Estate Association jointly with China Bond Enhancement Company made a formal statement. Continue to promote and expand the bond financing support tools for private enterprises, and specifically mention support for bond financing for private real estate enterprises. On the evening of November 10, the official website of the Trading Association issued an announcement that the first financing of China Bond Credit Increase was finalized, and the 20 billion yuan shelf-type registration and issuance of Longfor Group was accepted, with an equally astonishing efficiency. At present, real estate companies such as Vanke , Jindi , Longhu , Midea, and Xincheng have launched bond financing plans, with a total amount exceeding 100 billion yuan. Among them, it is very interesting that , which has defaulted on loan principal of up to 58.4 billion yuan, has received a total of more than 900 million yuan in relief funds, which is a clear meaning of protecting real estate companies.
The third arrow, unbundled purchase restrictions + promotion. The Taihu and Majuqiao areas of Beijing’s urban sub-center, Tongzhou, officially announced the lifting of the “double purchase restrictions”. After the policy was released, the effect can be said to be immediate. On November 11, Hangzhou's housing purchase policy was greatly relaxed, and the implementation of "recognition of houses but not loans, and the down payment of second houses was 40%". According to incomplete statistics, more than 40 cities across the country have successively introduced policies to relax purchase restrictions. The policy of "no purchase restrictions and no price restrictions" has provided financial subsidies for residents to purchase houses.
Since the beginning of this year, in order to support the healthy development of real estate, the People's Bank of China has cut interest rates three times, and the policies of supporting housing provident fund in various places have also been continuously increasing their efforts. Overall, after multiple consecutive policy support, the cost of buying a house for residents has been significantly reduced, and the expectation of the real estate market has begun to gradually recover. However, due to the repeated epidemic situation and the economic downturn, the real estate market is still hovering at the bottom. House prices in most cities, especially small and medium-sized cities, continue to decline. However, based on the policy environment in all aspects, the bottom of the real estate market may have quietly arrived. Once the epidemic prevention and control is over, market demand will be released quickly, and the real estate market may enter a new round of rising period. People who need to buy a house can now actively pay attention and see satisfactory housing sources, and consider taking action in a timely manner. #Experts talk about the impact of the implementation of comprehensive reserve requirement ratio cuts##Toutiao Creation Challenge#
