China's official release of a new round of new rounds to boost the property market signal this week. The news that real estate companies will get additional financial support have also increased. A series of good news has driven China's real estate stocks to rise for four days.
From Thursday (November 23) in first -tier cities, the minimum down payment ratio of the second house will be purchased from 70 % of the original ordinary housing and 80 % of non -Putong housing to 40 %.
The official also adjusts the standards of ordinary housing, and the price condition for "actual total transaction price of 7.5 million yuan (RMB, the same, the same, the same, S $ 1.43 million)" is the price condition.This means that a residential house with a total price of more than 7.5 million yuan, if it meets other conditions such as the area of less than 144 square meters, is also regarded as ordinary housing, and there is no need to impose a "luxury house tax" commonly known as folk.
Zhang Xiaoduan, deputy dean of the Dede Liangxing Research Institute, accepted an analysis of the United Zaobao interview that the new policy of Shenzhen's this round is a more breakthrough and substantial easing policy in first -tier cities, and has a certain stimulating effect on improving demand.
Zhang Xiao Duan pointed out that compared with the previous "recognition of houses and not recognizing loans", reducing the proportion of down payment for the second house is more beneficial to the improvement of buyers who want to retain the first house.After relaxing the price threshold of 7.5 million yuan, more families can enjoy tax discounts. "This round of policy adjustment can be said to be accurate for the Shenzhen market, and it is expected to effectively improve buyer expectations."
On the other hand, the website of the Shanghai Headquarters of the Central Bank of China disclosed on Thursday that the central bank's Shanghai Headquarters, the Shanghai Regulatory Bureau of the Financial Supervision Bureau, and the Shanghai Securities Regulatory Bureau and other institutions jointly held a symposium on financial institutions on the 21st to request that equally to meet the reasonable financing needs of different ownership of housing enterprises., Do not hesitate to loan, draw, break loan, etc. of normal real estate companies.
This is consistent with the financial institution symposium held by the Central HKMA held last Friday (17th).The response to the central bank's financial work report on Wednesday (22nd) also suggested that the response to the central bank's financial work report also suggested that it is necessary to support the reasonable financing needs of real estate companies, reduce the risk of credit default, and alleviate the panic expectations of residents' purchase housing.
Yan Yuejin, research director of the Yiju Research Institute of Real Estate Consulting Institutions, pointed out that the local financial sector began to actively act. It is expected that banks will start to screen high -quality real estate companies.Compared with last year's "Finance 16", some banks are too concentrated in the operation of single housing companies. Now some private and small and medium -sized housing companies can also receive better financial support.
In addition to the above official measures, the market's rumors of officials have increased their support for real estate companies.Bloomberg quoted people familiar with the matter on Thursday that the regulatory authorities were draft a plan to allow commercial banks to provide short -term mobile funds loans without mortgage to some eligible housing companies to alleviate the liquidity crisis of housing companies.
Previous market news said that the regulatory authorities were drafting a list of developers who were qualified to obtain financing. The selected list of housing companies including Vanke, Country Garden, Ocean Group, and Xuhui Holdings.
With a series of good news boosted, the Hang Seng China Real Estate Index, which tracked Chinese housing companies, closed up 6.4%on Thursday, and increased by 11.4%this week.Xuhui Holdings's stock price rose 48.15%, and the Ocean Group climbed 31.11%, and Country Garden rose 23.53%to HK $ 1.05 (S $ 0.18). For the first time in two months, it got rid of the title of "Immortal Stock" (less than HK $ 1).
Nomura analyst Dong Jizhou predicted in the report that driven by relevant reports, real estate stocks may continue to rise in the short term.However, before the property market sales situation is further clear, it is expected that the stock prices of housing companies are expected to have a continuous outstanding performance.Another main question is whether commercial banks have sufficient motivation to expand the financing of financing housing companies.
The official data released last week showed that China's residential sales in the first 10 months of this year decreased by 3.7%year -on -year, and the decline was further expanded from 3.2%in the previous nine months.Essence
Zhang Xiaoduan said that the current dilemma faced by housing companies is caused by various factors such as industry adjustment and macroeconomic environment, and the downward property market also in turn drags the overall investment and economic recovery.In order to break this cycle, I believe that the policy will continue to make efforts."Regardless of whether the" white list "is true or false, but from the perspective of protecting the financing needs of housing companies and boosting industry confidence, these measures are beneficial."
