The China Banking and Insurance Regulatory Commission said that close attention to the development of the real estate market, and the real estate industry is currently stable.The People's Bank of China emphasized that it is believed that the real estate market can maintain smooth and healthy development.
According to Bloomberg, Xiao Yuan Enterprise, vice chairman of the China Banking Regulatory Commission, said in response to the question of the impact of real estate on the impact of real estate on the impact of real estate, in response to the impact of real estate, he is paying close attention to the development of the industry.This interview was broadcast on Wednesday (November 2) at the International Financial Leaders Investment Summit in Hong Kong in the form of pre -record.
Xiao Yuan Enterprise added that the real estate industry remains stable. Now the banking industry's risk exposure in real estate is at a reasonable level, accounting for about 26%of the overall loan.He said that the overdue rate of mortgage loans in mainland China was less than 0.1%.
The long -term real estate crisis in mainland China has triggered economic turmoil.The decline in house sales in October has intensified, and housing companies that have been considered safer in October have been in trouble.According to Bloomberg's calculation, Mainland Chinese housing companies have 292 billion US dollars (S $ 412.524 billion) debt will expire by the end of 2023.
The banking industry with a scale of $ 5.2 trillion faces the increasingly serious prospects.Due to the increase in non -performing loans, banks' balance sheets were under pressure, and the government guided Chinese banks to increase the issuance of loans.
Yi Gang, President of the People's Bank of China, said earlier at the summit that he believes that the real estate market can maintain stable and healthy development.He said that the potential growth rate of China's economy will remain in a reasonable range, and the central bank is also committed to supporting equipment renewal and transformation and infrastructure investment, and the effects in the fourth quarter will appear.
The People's Bank of China has adopted a series of measures to stabilize the real estate market, including reducing mortgage interest rates and launching special loan plans for developers.But analysts said that these policies have little help to the industry.Economists predict that mainland China will have a economic growth rate of 3.3%this year, far lower than about 5.5%of official goals.
