Bloomberg quoted people familiar with the matter that the regulatory department plans to extend the "three red lines" pilot transition period for at least six months.This transition period was originally expired at the end of June this year, which means that housing companies can have more time to resolve debt risks.
(New York / Beijing Comprehensive News) It is reported that the Chinese financial regulatory authorities plan to relax the "three red lines" assessment of real estate companies, including adopting measures such as extended pilot transition periods and relaxation leverage restrictions to further save the continued sluggishReal estate industry.
Bloomberg quoted people familiar with the matter and said that the regulatory department plans to extend the "three red lines" pilot transition period for at least six months.This transition period was originally expired at the end of June this year, which means that housing companies can have more time to resolve debt risks.
People familiar with the matter also said that the regulatory authorities will also increase the annual growth rate of the liabilities of the housing enterprise in the period. Among them, companies that reach green files in the "three -line and four gears" will no longer set up an annual liability growth rate, and green -file enterprises will no longer be set up, and green -file enterprisesYou can use a guarantee to replace the deposit with a guarantee.However, these schemes are still being reviewed and related measures may be adjusted.
China introduced a new "three red line" financing regulations in 2020, strictly restricting the expansion of real estate companies.When the Ministry of Housing and Urban -Rural Development of China and the People's Bank of China held a symposium on key real estate enterprises in August that year, the asset -liability ratio of housing companies to eliminate pre -collection shall not be greater than 70 %.Perm, it is called "three red lines".
"Three -line and four gears" is based on the number of "three red lines" stepped on the line, dividing real estate companies into four -gear management of "red, orange, yellow, and green", of which the "red file" enterprise has interest liabilities.It should not be higher than the existing level. The annual growth rate of the "orange file" enterprise shall not exceed 5 % of the annual interest liabilities, the "yellow file" enterprises must not exceed 10 %, and the "green file" enterprise must not exceed 15 %.
After the "Three Red Line", China continues to launch a series of policies such as bank loan concentration, urban centralized land supply, and second -hand housing guidance price, which aims to regulate the real estate industry, and continue to impact the real estate industry.The impact of the epidemic situation, a large number of Chinese housing companies have fallen into the dual dilemma of contraction and sales of financing channels.A number of companies represented by Evergrande and Sunac out of debt defaults, a large number of real estate could not be delivered. Last year, buyers who spread to all parts of the country stopped loan storms.
Faced with the continuous deterioration of the sales and debt risks in the real estate industry, the Chinese financial regulatory authorities have introduced a series of policy support including 16 financial measures in November last year. The latest measures include the Central Bank and the Banking and China Insurance Regulatory Commission on Thursday (January 5)It is announced that the first set of housing loan interest rate policy dynamic adjustments to adjust the long -term mechanism, that is, the sales price of new commercial housing sales will be allowed to maintain, down or cancel the lower limit of local mortgage interest rate policies in a period of three consecutive months.
Bloomberg analysis believes that the regulatory authorities proactively relax "three red lines" this iconic regulatory policy is an important positive signal, which further confirms the change of decision -making layer on the attitude of the real estate industry, and actively promote high -quality real estate assetsThe determination to improve the liquidity of liabilities and mitigation developers.
Ni Hong: The confidence in the real estate market stabilizes and recovers
The Minister of Housing and Urban -Rural Development of China Housing and Urban -Rural Development told CCTV News that the government must strongly support the purchase of the first house.It is necessary to give reasonable support, and family support must be given by the old -fashioned, small change, and children's families. For those who purchase more than three sets of housing, in principle, they do not support the speculators to re -enter the market in the market.
Ni Hong said that this year, it will work hard to promote the stable work of insurance and people's livelihood, and strive to resolve the risks of real estate enterprises, and work together to rectify the order of the real estate market.He also emphasized that the real estate market has been "confident."
