Bloomberg quoted the Citigraphy release report, stating that the long -term suspension of the crown epidemic and falling house prices have fallen sharply. As of July 12, 35 real estate projects in 22 cities in China appeared collectively.Refusal mortgage loan.Some analysts believe that this may be a dangerous signal that China's real estate crisis has further spread to the financial system.
The Chinese real estate industry crisis has intensified, and the phenomenon of collectors of buyers collectively refused to pay housing mortgage loans in multiple provinces and cities has led to the continued increase in pre -sale houses.Some analysts believe that this may be a dangerous signal that China's real estate crisis has further spread to the financial system.
Zhengzhou Changsha Kunming delayed delivery rate in the city
Bloomberg Society on Wednesday (July 13) quoted a report issued by Citi, stating that due to the long -term suspension of work and house prices falling for a long time due to the crown disease epidemic, as of July 12, 35 real estate projects in 22 cities in ChinaHouse buyers collectively refuse to pay mortgage loans.
At present, the first three cities with the highest delayed delivery rate of real estate projects are Zhengzhou, Changsha and Kunming. The real estate units delayed delivery of these three cities have reached 20 % or more of the total local number.
TheReport proposed to warn that the buyer refused to pay the mortgage by risks affecting personal credit reports, highlighting that the storm of real estate has affected a large number of middle class and pose a threat to social stability.Commercial banks that have previously responded to the debt issues of developers must be prepared for buyers' breach of contract.
Report: The suspension of loans may cause 117.4 billion yuan of non -performing loans
TheReport estimates that the tide of suspension of loan may trigger a non -performing loan of up to 561 billion yuan (about S $ 117.4 billion), which is equivalent to 1.4%of the overall non -repayment mortgage loan balance.
China's real estate industry was constrained by the "three red lines" last year, and the Chinese government began to continue to loosen the property market earlier this year to strive to promote the overall economic growth.In December last year, the CPC Central Committee Economic Work Conference has clearly requested that the local government has "promoted the virtuous circulation and healthy development of the real estate industry due to urban policies"; in the first half of this year, more than 460 property market easing policies were introduced in various places, covering more than 200 cities. The policy content includes relaxation limitSelling restrictions, reducing the down payment ratio, and reducing mortgage interest rates.
Since June, at least nine cities such as Taiyuan in Shanxi and Zhongshan, Guangdong have also released relevant policies and activities of "buying groups and buying" to stimulate the local real estate industry.
China Official Media Securities Times commented on the problem of suspension of loan on Wednesday, and proposed that "beware of the risk diffusion of risks to stop supplying risks."
Comments said that if the spread of loan is spreading, it may cause a negative impact on the property market, which is more unfavorable to real estate sales, and is not conducive to the stability of the financial system. "It may also cause systemic financial risks."
The article finally appealed that local governments should study how to revitalize the rotten tail building, "put dead chess down", recover the transfer of funds, or introduce strong real estate companies to ensure that delivery is preferred.
Xie Dongming: The official stimulus policy cannot leave the real estate from the "strange circle"
With the loosening of the property market policy, the transaction volume of the property market showed a sign of rebound in June; the data released by the Yiju Research Institute on July 1 show that the area of newly -built commercial housing in China in June increased by 37 % month -on -month, but year -on -yearStill decreased by 34 %.
Xie Dongming, director of the Research Director of the Greater China of Overseas Chinese Bank, pointed out in an interview with Lianhe Morning Post that the official stimulus policy cannot leave China's real estate from the "strange circle";The decline has further promoted the overall industrial investment.
Xie Dongming said that the real estate data in July is still declining, and the real estate industry materials in the second half of the year will continue to weaken.However, due to the tight real estate supervision last year, it is difficult for real estate companies to loan directly from banks. Therefore, the risk of the real estate crisis has been extended to the financial system so far.
Dr. Hu Dongan, a senior economist of Oxford Economic Research Institute, analyzed that if the loan is closed, the government must more powerfully appease the market, such as ensuring that developers complete the project or provide greater efforts to financial support.However, whether the government will directly intervenes or not, it still depends on the scale of suspension of loan tide.
