Following the development of financial support in the real estate industry in November last year last November last yearAfter the policy, the Chinese financial management department announced the extension of the policy applicable period to alleviate the pressure on debt repayment of real estate enterprises and ensure the delivery of real estate projects.
The People's Bank of China and the State Administration of Finance and Administration issued a notice on Monday (July 10) to do a notice on the People's Bank of China.The notice (referred to as the notice) has a applicable period of time, which will be extended to December 31, 2024.
The extension of this policy mainly involves two contents.First, for the existing financing of real estate companies to develop loans, trust loans, etc., on the premise of ensuring the security of claims, encouraging financial institutions and real estate companies to independently negotiate based on the principle of commercial principles, and actively support through the exhibition period of stock loans and adjusting repayment arrangements.Promote the completion of projects.If it expires before December 31, 2024, it can be allowed to exceed the original provisions for one year. The loan classification may not be adjusted. The loan classification of the credit reporting system is consistent with it.
Second, for commercial banks in accordance with the notification requirements, supporting financing issued to the special borrowing support project before December 31, 2024, will not reduce the risk classification within the loan period;The main body is managed in accordance with the qualified borrowing subject.If the newly issued supporting financing formed, the relevant institutions and personnel have diligent in their duties, which can be exempted.
The notice also mentioned that in addition to the above two policies, other policies that do not involve the applicable period have been effective for a long time.Each financial institution should implement the implementation in accordance with the requirements of documentation. Because the city applies to support rigidity and improve the demand for housing, maintain real estate financing reasonable and moderate, increase financial support for insurance, promote the marketing of the industry's riskdevelop.
According to surging news reports, some real estate developers believe that extension has certain benefits for private enterprise developers who have exploded during the exhibition period, so that the debt that expired in June this year can continue to be bad.loan.
But the developer also said that the current focus is on whether the bank is willing to give the developer a chance to show.If the bank does not agree, the exhibition policy is meaningless to private enterprise developers.
There are also real estate developers believe that policy extension represents a policy support attitude. For real estate companies, loans of some specific projects can continue to apply for exhibition period without affecting credit reporting.To operate, the bank has been confused after the previous half -year.
According to the data of the National Bureau of Statistics of China, the funds for real estate development enterprises in place decreased by 6.6%from January to May from January to May.
According to the monitoring of the Institute of Research, in the first half of this year, the total non -bank financing of real estate companies was about 404.17 billion yuan (RMB, about S $ 75.1 billion), a year -on -year decrease of 16.2%.Among them, credit bonds decreased by 7.0%year -on -year, overseas bonds fell by 34.6%, trusts fell by 69.6%, and ABS fell 4.5%.The financing environment of the housing enterprise has not been substantially improved, and financing support needs to be increased.
