People familiar with the matter revealed that Chinese regulators are drafting a list of Chinese real estate developers, which shows that regulators are increasing their efforts to boost the real estate industry.
Bloomberg quoted people familiar with the matter and said that a total of 50 state -owned and private housing companies were included in the whitelist, including the development of Xincheng, Vanke and Longhu Real Estate.
A person familiar with the matter said that this whitelist that has not yet been determined for financial institutions for reference will receive support from many aspects such as credit, creditor's rights and equity financing, but it does not mean that banks, such as banksThe institution has hard requirements.It is currently impossible to determine which other developers are included in the list.
The People's Bank of China, the General Administration of Finance Supervision, and the CSRC jointly held a financial institution symposium on Friday (November 17) to reiterate the need to “treat them allocated” to meet the reasonable financing needs of different ownership real estate enterprises.Housing companies "do not hesitate to loan, draw loans, and break loan."
Bloomberg quoted people familiar with the matter and said that the meeting also required financial institutions to raise the financing growth rate of private real estate enterprises, and must not be lower than the average financing growth rate of the entire real estate industry.
China has recently introduced the relaxation policies such as "recognition of houses and not recognizing loans", reducing down payment, restrictions on purchase and loosening, but the stimulus measures have been very effective.In October, the largest decline in housing prices in eight years, and the degree of atrophy of residential sales and real estate investment has also increased.Big real estate companies Country Garden in October in October, the US dollar bonds have defaulted to further damage investor confidence.At the end of the third quarter, the balance of real estate loans in China has appeared for the first time since the record, and the demand side and financing side have shown that the industry is still facing difficulties.
Faced with the continuous downturn in the real estate market, the regulatory layer further increases policy support.Bloomberg had previously reported that the Chinese government intends to launch the specific implementation plan of the "three major projects" at the as soon as this month. To this end, the total size support provided by this will reach at least 1 trillion yuan (about S $ 191.1 billion).Stable downturn real estate market.
