January 26, 2006: The Ministry of Housing and Urban-Rural Development held a deployment meeting of urban real estate financing coordination mechanism this morning. The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions.
It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.
Yesterday, Xiao Yuanqi, deputy director of the State Financial Supervision and Administration Bureau, attended the press conference of the State Council Office and said that the real estate industry has a long chain and a wide range, which has an important impact on the national economy and is closely related to the lives of the broad masses of people. The financial industry is duty-bound and must be strongly supported.
Xiao Yuanqi said that accelerating the implementation of the coordination mechanism of urban real estate financing is effective, requiring banks to act as soon as possible. Under the lead coordination of the urban people’s government, together with the housing and construction departments, the policy toolbox will be used well because of the city’s policy, and the reasonable financing needs of real estate projects will be more accurately supported.
Support local city governments and housing construction departments, further optimize individual housing loan policies such as down payment ratio and loan interest rate due to city policies, and guide and urge banks to better serve the financing needs of the broad masses of people’s rigid and improved housing. Guide and require banks and other financial institutions to vigorously support the construction of "three major projects" such as "emergency and emergency" major infrastructure and urban village reconstruction, and demand that the physical workload be formed as soon as possible.
Previously, the Ministry of Housing and Urban-Rural Development and the General Administration of Financial Supervision jointly issued the Notice on Establishing a Coordination Mechanism for Urban Real Estate Financing, requiring cities at or above the local level to establish a coordination mechanism for real estate financing, build a communication platform between government, banks and enterprises, and promote the accurate docking of housing enterprises and financial institutions.
Guojin Securities pointed out that the real estate sector is at the double bottom of performance and valuation, and the policy catalyzes or welcomes layout opportunities. The improvement of operating property loan policy can improve the cash flow of housing enterprises to a certain extent, and the key to the stable and healthy development of the industry lies in the stabilization of sales, which still needs the continuous support of loose policies.
Ping An Securities believes that this time, financial institutions and the General Administration of Financial Supervision jointly issued a notice on doing a good job in the management of operating property loans, refining the requirements for the management of commercial banks’ operating property loans, such as caliber, duration, quota and use, and further broadening the financing channels of real estate enterprises.
Meet the reasonable financing needs of real estate enterprises with different ownership equally
Ni Hong, Party Secretary and Minister of the Ministry of Housing and Urban-Rural Development of the People’s Rerublic of China attended the meeting and stressed that accelerating the implementation of the coordination mechanism of urban real estate financing is effective, supporting the development and construction of real estate projects, meeting the reasonable financing needs of real estate enterprises with different ownership equally, and promoting the stable and healthy development of the real estate market.
All localities should pay close attention to research and put forward a list of real estate projects that can be given financing support to accurately and effectively support reasonable financing needs.
The meeting emphasized that the orderly development and construction of the project is the basis for the stable and healthy operation of the real estate market and is related to the vital interests of the people. In view of the current financing problems of some real estate projects, all localities should focus on projects, study and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. Credit funds should be ensured to be operated in a closed way and used in compliance, and misappropriation should be resolutely prevented. At the provincial level, it is necessary to track and monitor the implementation and strengthen supervision and guidance. At the national level, an information platform for urban real estate financing coordination mechanism projects will be established, and weekly scheduling and monthly notification will be implemented.
The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions. It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.
The list of the first batch of real estate financing coordination mechanism projects will land before the end of the month.
The meeting proposed that an information platform for urban real estate financing coordination mechanism projects will be established at the national level, and weekly scheduling and monthly notification will be implemented. The Ministry of Housing and Urban-Rural Development has made great efforts to implement the mechanism. It is understood that before the end of this month, the first batch of projects can win loans after landing.
This article comes from: financial circles
