Since last week, the market’s rumour that the four main lines will relax lending restrictions has been fermenting, and while the central bank and the four lines have no public certainty about the story, the four have not denied it。
Yesterday, the agricultural development bank gave priority to meeting the reasonable demand for credit in the area of home ownership and improved housing consumption, and the chinese bank “authorizing local branches to adjust their policies to local market needs and policy changes in due course”, appeared to be “coherent” with the rumours of easing restrictions on lending。
Many of the real estate people contacted by the 1st financial journalist are more inclined to believe that the rumors are true。
There's a clear relaxation in agriculture
On 24 september, the chamber of agriculture responded with a relatively informative response, stating that it “will further intensify its investment in real estate credit in response to changing market demand, giving priority to meeting reasonable credit needs in the area of home ownership and improved housing consumption”。
It also stated that “lending approval and disbursement will be accelerated and services will be more efficient. To continuously optimize the lending and credit structure for real estate development, and to actively support the construction of housing projects and financial services in related areas.”
An analysis of journalists in the 1st financial journal suggests that the priority given by the chamber of agriculture to meeting improved housing consumption loans is more commendable and appears to be somewhat consistent with the rumours of easing lending restrictions。
On 24 september, china also expressed its active support for the individual housing loan business. “in recent days, attention has been paid to media reporting that some cities have eased or eliminated their commodity-based housing restrictions, and the central bank has authorized local branches to adapt their policies to market demand and policy changes in a timely manner, adopt a differentiated approach to different demand for housing, improve efficiency of approval, improve service capacity and actively support residents in their rational acquisition of housing.”
As of wednesday (24 september), journalists in the 1st financial journal were aware that only a few cities in the country, such as beijing, shanghai, guangzhou and shenzhen, were still implementing a restrictive purchase policy, while cities that had eased their purchases were supporting the local real estate industry in terms of taxes and fees and the identification criteria for first flats。
“the middle line is to empower local branches to adjust their policies to local market demand and policy changes in due course. It is clear that if the criteria for first-class housing in some municipalities change, banks will also implement the new standards introduced by local governments, which will lower the financial threshold for improved house purchases.” the head of a real estate sales company in beijing stated to the journalist of the first financial journal。
Several cities have introduced a policy of “recognizing and lending”, and the city of aoshima has recently introduced a policy to promote the development of the real estate market, in which the policy of untying loans provides that: “in cases where families who sell a single home and buy new one pay for the original purchase of a loan, they apply again for a housing loan, as determined by the first mortgage”
Just before qingdao, the municipality of fukuzhou published the people's government of fukuzhou's opinions for real estate market development, which adjusted the criteria for identifying first flats. According to the latest regulations of the city of fukuzhou: “if the purchaser pays for the purchase of the loan, he again applies for the purchase of the loan, it is determined on the basis of the first loan. The financial institutions carry out the loan down payment rates and interest rates in accordance with the policy's low limits.” “the number of housing units owned by a resident's household is only checked at the housing registry in the place where the purchase took place”
I'm not sure i can deny it
According to the national statistical office, in august, prices for residential sales in 70 large and medium-sized cities showed that, compared to july, prices had declined in 68 of the 70 large and medium-sized cities, in 1 of the flat cities and in 1 of the cities。
Many governments have also called on commercial banks to increase the supply of housing development loans and to actively pursue the development of loan lines with the general bank, to give priority to securing reasonable funding requirements for general-commodity housing development projects and to further improve the efficiency of credit approval for development loans。
In addition, with the exception of middle and farming, the construction and construction of trades is neither certain nor negative. The bank responded by stating that the policy orientation of the state regarding the development of the real estate market is being implemented in earnest and that it has been actively supporting the legitimate demand for credit for individual housing and real estate development. The changes in the real estate market and the adjustment of related policies are being followed closely, and credit policies will be linked in a timely manner and financial services will continue to be improved accordingly。
The bank also responded that the combination of self-employment, which is dominated by individual housing loans, and trust-based housing finance, which is dominated by the provident fund, fosters coordinated development among themselves and provides strong support to the general population in securing housing and improving housing needs. The starting point of the housing credit policy is to support self-employment and discourage investment speculation, which should be implemented in a practical manner, taking into account reasonable needs. It is recommended that a better differentiated housing policy should be put on the agenda, that the scope, conditions and criteria for initial housing support should be further clarified and regulated, and that the loan requirements for home-based and improved housing should be effectively met。
Although there have also been rumours that the bank has taken the lead in liberalizing the policy of home recognition and non-privileged loans, i. E., in the form of a family unit, the purchase of a home is now the first flat if the loan has been paid out。
However, the bank then responded to the daily first financial journal, stating that the reports were false and that the current conditions of access and credit policies for customers of individual housing mortgages at the bank had not been adjusted。
As for the impact of the current policy of `privatization' on home buyers following the shift to `privatization', the head of the above-mentioned housing sales company stated: “the biggest impact will be on the need for improved housing, as the down payment will be reduced from 60 to 70 per cent, and the interest rate on the loan will be reduced to 30 per cent, and the threshold for home acquisition will be significantly reduced, but this change in policy will have no significant impact on homeless first-class home buyers.”
The housing market had a direct impact on the overall economic situation, and recent studies by both the bank and hsbc had concluded that the downward spiral of real estate was the single biggest drag on the chinese economy。
The bank's analysis concluded that local easing of purchases would not reverse the current decline, as it was mainly aimed at investment housing, which was weakened by economic factors。
Responsible editor: zhang dei
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