On October 25, China Construction Bank announced the progress of establishing a 30 billion housing rental fund. The announcement shows that the housing rental fund (October 19) has completed the registration and obtained a business license for the market supervision and management department; (October 24) has been registered in China Securities Investment Fund Association in accordance with relevant laws and regulations.
information shows that the name of the fund is designated as "CCCC Housing Rental Fund (Limited Partnership)", and the executive partner isCCCC (Beijing) Investment Fund Management Co., Ltd.
According to previous announcements, in order to insist on both rental and purchase, accelerate the development of the long-term rental housing market, increase the supply of affordable rental housing, and promote the virtuous cycle and healthy development of the real estate industry, CCB plans to invest in the establishment of a housing rental fund, with the fund raising scale of RMB 30 billion.
of which CCB subscribed RMB 29.999 billion, and the source of funds was its own funds. The remaining part was subscribed by a wholly-owned subsidiary of its subsidiary CCT Trust Co., Ltd. . The fund will transform it into rental housing by investing in real estate companies' existing assets, increasing the supply of market-oriented long-term rental housing and affordable rental housing, and exploring a new model of real estate development that combines both rental and purchase.
CCB stated at that time that it would give full play to the group's advantages and promote the development of housing financial business to a model covering both ends of rental and purchase and service stock transformation and upgrading, and form a comprehensive housing financial service system integrating equity investment, asset mergers and acquisitions, credit support, leasing operations, REITs issuance, etc., and continue to consolidate CCB's differentiated competitiveness in the housing finance field.
Nandu Wancai Society reporter learned that as one of the four major state-owned banks, China Construction Bank was the first bank in China to open personal housing loan business and the first bank to undertake housing provident fund business. Many businesses carried out by CCB are closely related to national housing, and now they include housing rental as one of the group's three major strategies.
According to the previous semi-annual report, as of the end of June, the comprehensive housing rental service platform covered 96% of the prefecture-level and above administrative regions across the country, 10.25 million houses have been verified, 7.88 million contract registrations have been filed, and a trading platform is provided for 15,000 enterprises, 40.34 million individual landlords and tenants; 200 long-term rental communities of "CCB Jianrong Home" have been opened and operated. During the period, CCB is also vigorously supporting the development of affordable rental housing, connecting more than 500 affordable rental housing projects in major cities across the country.
html At the end of June, the balance of housing rental loans in China Construction Bank was 180.617 billion yuan, an increase of 47.156 billion yuan from the end of the previous year, an increase of 35.33%. Among them, the company's housing rental loan balance was 121.777 billion yuan, an increase of 48.47% year-on-year, and more than 700 housing rental companies were supported. The supported projects can provide 800,000 rental housing units (rooms) to the public.Nandu·Wancai Society Intern Reporter Chen Jingan
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