8 elm condos.The real estate market is developing healthily. Recently, the “financial 16”, “Baojiaolou” loan support plan and other policy measures have been introduced one after another, which has formed a “combination of punches” to promote the resumption of financing of high-quality real estate enterprises.Please Visit: 8 elm condos to Get Your VVIP Registration Today!
With the accelerated landing of the policy, it will help stabilize market confidence and expectations, and the real estate market is expected to gradually stabilize.
Dong Ximiao, chief researcher of China Merchants Finance, believes that since the second half of last year, the business model of a small number of real estate enterprises with “high leverage, high debt and high turnover” has been at risk and has had a spillover effect on the market. Affected by the epidemic, there have been some adjustments in the current real estate market. The 16 articles of Finance issued by the Central Bank and the Banking and Insurance Regulatory Commission to comprehensively adjust and optimize the real estate financial policy is an important measure to stabilize the economy, stabilize growth and safeguard the legitimate rights and interests of housing consumers, which is of positive significance.
“the stable and healthy development of the real estate market is related to the overall stability of economic and social development, the well-being of the people, and the vital interests of the people.” Lou Feipeng, a researcher at the Postal savings Bank of China, believes that there are many related industries in the real estate market, and their steady and healthy development is related to the overall stability of economic and social development and the well-being of the people’s livelihood. Some real estate enterprises are in liquidity difficulties and need to provide liquidity support to help them out. In addition, it is also necessary to stabilize the real estate market to ensure that risks in the real estate sector are controllable and that systemic financial risks do not occur.
The “16 articles of Finance” extends the transition period for the management of the concentration of real estate loans; clearly increases liquidity support for real estate enterprises through measures such as the “three arrows” measures of the people’s Bank of China and special loans of policy banks, and gives special support to the “Baojiaolou” project; it also puts forward measures such as supporting the reasonable extension of stock financing such as development loans and trust loans, and supporting the adjustment of individual housing loan policies. Dong Ximiao believes that these measures adhere to the problem-oriented, highly targeted, and help to improve the financing of real estate enterprises, stabilize market confidence and expectations, and promote the stable and healthy development of the real estate market.
According to the person in charge of the relevant departments of the Banking and Insurance Regulatory Commission, since the issuance of the “16 Financial articles”, all kinds of work are being accelerated, and some work has made phased progress. In the first 10 months of this year, the banking industry issued a total of 2.64 trillion yuan in real estate development loans and 4.84 trillion yuan in mortgage loans, providing strong financial support for stabilizing the real estate market.
Prior to this, the financial management department issued a 200 billion yuan “Baojiaolou” special loan to support the China Development Bank and the Agricultural Development Bank of China in accordance with relevant policies and requirements, under the arrangement of compacting the responsibilities of all parties in accordance with the local government, in accordance with the law, efficient and orderly issuance of “Baojiaolou” special loans to borrowers who have been reviewed and put on record, closed operation and special funds. It is specially used to support the construction of overdue residential projects and do everything possible to promote “guaranteed delivery buildings and stable people’s livelihood”. According to the person in charge of the relevant departments of the Banking and Insurance Regulatory Commission, so far, phased progress has been made in the special loan work of “Baojiaolou”. The special loan funds have been basically put into the project, and the capital investment has led to the formation of a batch of physical workload, which has effectively promoted the construction and delivery of the project.
