(Beijing Comprehensive News) The Chinese regulatory authorities have extended financial support policies for the real estate industry, allowing banks to extend loans for developers with cash shorts, and real estate stocks have risen.However, the market is concerned that the Chinese banks with a large number of real estate loans and bonds may continue to be under pressure.
The People's Bank of China and the State Financial Supervision and Administration Administration on Monday (July 10) said in a joint announcement that encouraging financial institutions and real estate companies to independently negotiate based on the principles of commerciality, actively through exhibitions of stock loans, adjust repayment repayments, and repay repaymentsArrangement and other methods to support and promote the completion of the project.The announcement said that banks and trust loans expired before December 31, 2024 can allow more than one year of exhibition period exceeding the original regulations.
This is the continuation of the "16 Finance Articles" introduced in November last year.According to Xinhua News Agency, the relevant person in charge of the Central Bank of China introduced that "After the implementation of the policy, it played a positive role in promoting the risk of resolving real estate companies. After considering the current market situation, it was decided to extend the policy of the policy.
After the news was released, the Hong Kong Hang Seng Continental Real Estate Index rose 1.34% on Tuesday (July 10), and the Chinese Shanghai and Shenzhen 300 real estate index also rose slightly on the same day.
However, market observer is worried that when the Chinese government supports real estate and resolves risks, the banking industry will bear tremendous pressure.According to Bloomberg, Bloomberg's Chinese bank stock index fell 14%as of the high point as of May, and its market value evaporated at $ 77 billion (S $ 103.3 billion).
Report quoting the data of CICC analysts, saying that as of the end of last year, including loans and bonds, the real estate risk exposure of Chinese banks was about 20 trillion yuan (S $ 3740 billion), accounting for total assetsAbout 5%.
Bloomberg quotes Citi Group analysts reports, saying that extending real estate support policies can boost investor confidence, but not fundamentally alleviated the market's concerns about the real estate credit risk of commercial banks, and the bank meeting with high real estate creditMore vulnerable to impact.
Report also said that the pressure of banks also stems from to boost the economy. It is required to issue loans with low interest in enterprises and buyers, and to provide ultra -long -term loans to local government financing platforms.
