It has been reported that the owners of nearly 30 rotten tail buildings in seven provinces in China have forcibly suspended their loans. In response, Chinese official media issued that if the trend spreads, it will not be conducive to the stability of the financial system.
The Securities Times on Wednesday (July 13) published an article signed by Yu Shengliang, beware of the risk diffusion of the risk.Effective.If this trend spreads, it may cause a negative impact on the property market, which is more unfavorable to real estate sales, and it is not conducive to the stability of the financial system.
The article says that the project party's misappropriation of funds is the usual means of housing enterprises. The housing enterprise has a characteristic. The larger companies often turn around.In the middle, the repayment is a key ring that keeps the entire cycle continuously rotating, but because it is a high leverage, in the context of real estate compressed leverage, there is no new money to come in.
The article wrote that in this cycle, the most innocent is the owner. The owner actively requested that forced to stop the confession, and it is also unsatisfactory. His original mind still hopes that the problem will be resolved and can become the real owner as soon as possible.If the problem is not resolved, it is not only the owner who hurts the damage. They may face the stain of credit reporting, as well as the entire property market. The property market will be more cautious when the crisis continues, as well as financial institutions., But without delivery, can only become bad debts. When bad debts increase, it may also cause systemic financial risks.
The article finally appealed to allow the rotten tail building to live, and early delivery is conducive to the stability of millions of households. Governments of various local governments should study how to activate the rotten tail buildings, live down the dead chess, recover the transfer and move away.Fund, or the introduction of powerful housing companies, put guarantee delivery in priority.
According to the Blue Whale Finance report, since the end of June, nearly 30 real estate project owners in many places in China have issued a notice of compulsory loan suspension, covering Henan, Hunan, Jiangxi, Liaoning, Shaanxi, Anhui, Hubei, HubeiWait for 17 cities in 7 provinces, involving Evergrande, Aoyuan, Xinyuan, Xinli, Sunshine City, Shimao, Greenland and many other real estate companies.According to incomplete statistics, on the two days of July 10 and July 11, a total of 22 project owners issued a notification of forcibly suspend loan.
