Property market good!Affordable rental housing loans are not included in the mortgage concentration management

2022-08-17 0 By

On February 8, the central bank official net, for the implementation of the CPC Central Committee and the State Council about accelerate the development of affordable rental housing policy decisions, strengthen the related financial policy support, the People’s Bank of China, bank of China insurance regulatory commission issued “about affordable rental housing related notice loan is not included in the management of real estate loan concentration,It will make it clear that loans related to low-income rental housing projects will not be included in the real estate loan concentration management, and encourage banking financial institutions to increase support for the development of low-income rental housing in accordance with the principles of legal compliance, controllable risks and sustainable business.The move will help banking financial institutions increase credit for low-income rental housing projects, support the construction of China’s housing security system, and help promote the establishment of a housing system featuring multiple sources of supply, multiple channels of security, and both rental and purchase, the central bank said.In the next step, the People’s Bank of China and the Banking and Insurance Regulatory Commission will accelerate the establishment and improvement of the housing rental financial system, continue to increase financial support for low-income housing construction and long-term rental market development, and promote the virtuous cycle and healthy development of the real estate industry, the central bank said.Mortgage concentration loose management on New Year’s eve in 2021, the central bank, silver insurance regulatory commission issued a real estate finance policy is facing new rules, build system of real estate loan concentration management banking financial institutions, the banking financial institutions and individual housing loan of real estate loans accounted for more than all, ruling and announced that since January 1, 2021.Under the strict control of this policy, housing loan pressure has become a trend.Data from the Central bank showed that at the end of 2021, outstanding real estate loans stood at 52.17 trillion yuan, up 7.9 percent year on year, 3.7 percentage points lower than the growth rate at the end of the previous year.It increased by 3.81 trillion yuan, accounting for 19.1 percent of the increase in all loans in the same period and 7.2 percentage points lower than the level of the whole of the previous year.Real estate accounted for less of total RMB loans in the whole year.By category, at the end of 2021, the outstanding loans for real estate development were 12.01 trillion yuan, up 0.9% year on year, and the growth rate was 5.2 percentage points lower than that at the end of last year.The balance of personal housing loans was 38.32 trillion yuan, up 11.3% year on year, 3.3 percentage points lower than the end of last year.Zou LAN, director of the central bank’s financial market department, said that recent real estate sales, land purchases, financing and other activities have gradually returned to normal, and market expectations have steadily improved.In the next step, the CENTRAL bank will fully implement the long-term mechanism of real estate, maintain the continuity, consistency and stability of real estate financial policies, implement the prudent management system of real estate finance, and increase financial support for housing rental, so as to promote the virtuous cycle and healthy development of the real estate industry with specific policies.It is worth pointing out that when the real estate loan concentration management system was launched on December 31, 2020, the People’s Bank of China and the China Banking and Insurance Regulatory Commission (CBRC) told reporters that, in order to support the vigorous development of the housing rental market, housing rental loans will not be included in the calculation of the proportion of real estate loans.The People’s Bank of China is working with relevant departments to formulate opinions on housing leasing finance business and establish a corresponding statistical system. At that time, housing leasing loans that meet the definition will not be included in the statistical scope of concentration management.Now, the People’s Bank of China and the China Banking And Insurance Regulatory Commission have further made it clear in a document that, as of the date of this circular, relevant loans granted by banking financial institutions to affordable rental housing projects with written confirmation of affordable rental housing projects will not be included in the real estate loan concentration management.”This is an important policy to ease and encourage credit and really boost the mortgage sector to support the development of affordable rental housing.This move also reflects the loosening of the mortgage concentration policy, before the merger loan withdrawal from the mortgage concentration assessment, reflects the positive optimization of the mortgage concentration policy.”Yan Yuejin, research director of e-House Research Institute think tank Center, said that the policy will promote the housing enterprises to apply for loans, for the faster and better development of affordable rental housing this year, will provide more impetus.More > Related news property market blockbuster good!Affordable rental housing loans not included in the mortgage concentration management 2022-02-09 Jiuhua Central Hospital made substantial progress, Yashilin Xincheng sit to enjoy good!2022-02-07 Housing policy turning?Will China continue to cut the reserve requirement ratio?2022-01-22 What’s the quality of Tanfang Central Park?Five-star property + Central heating for cooling 2022-01-20 Quick look!Xiangtan city housing provident fund center latest notice!2022-01-16