Jindi real estate project plan

On March 16, there was a lot of good news about the real estate industry. On the same day, the State Council Financial Stability and Development Committee held a special meeting to study the current economic situation and capital market issues. The meeting pointed out that relevant departments should earnestly shoulder their responsibilities, actively introduce policies conducive to the market, and prudently introduce austerity policies. For real estate enterprises, it is necessary to timely study and put forward practical and effective plans to prevent and resolve risks, and put forward supporting measures for the transformation to a new development model.

Since then, China Banking Regulatory Commission, Central Bank, China Securities Regulatory Commission, Foreign Exchange Bureau and other major departments have held special meetings to convey and learn the spirit of the the State Council Financial Committee meeting, and all mentioned the real estate industry. In the eyes of the industry, multi-sectoral intensive statements will contribute to the positive and healthy development of the real estate industry.

Affected by good news, the real estate sector and the real estate sector rebounded in March 16. Wind data shows that as of the close of the afternoon, in the A-share market and real estate sector, 125 companies' share prices rose, Xinhua Lian's daily limit rose, Taihe Group, Suzhou Gaoxin and Zhujiang shares rose by over 9%, Blu-ray development rose by nearly 9%, gree real estate and Dalong Real Estate rose by over 6%, Vanke A and Sunshine City rose by over 4%, and Jindi, China Merchants Shekou, Huaxia Happiness and Zhongnan. In terms of H-share real estate stocks, the share prices of 205 companies rose, with Xincheng Yue Service, China Resources Vientiane Life and Xuhui Yongsheng Service rising by more than 25%, Longguang Group, Xuhui Holdings, Zhonghai Property, Life Service, Zhongyuan Jianye and China Aoyuan rising by more than 20%, and others such as China Jinmao, Longhu Group, Greentown Service, Poly Property and Country Garden Service rising by more than 15%.

The China Banking Regulatory Commission and the central bank have made intensive voices to prevent and resolve risks in the real estate market.

Among them, the China Banking Regulatory Commission made it clear that houses should be used for living, not for speculation, continue to improve the long-term mechanism of "stabilizing land prices, housing prices and expectations", actively promote the transformation of the development mode of the real estate industry, encourage institutions to carry out M&A loans in a safe and orderly manner, and focus on supporting high-quality housing enterprises to merge and acquire high-quality projects of difficult housing enterprises, so as to promote the healthy development of the real estate industry in a virtuous circle.

The central bank said that it will persist in striving for progress while maintaining stability, prevent and resolve risks in the real estate market, steadily push forward and complete the rectification work of large-scale platform companies as soon as possible, promote the healthy and stable development of the platform economy, and enhance international competitiveness.

The CSRC made it clear that it will continue to support the rational financing of the real economy, actively cooperate with relevant departments to effectively resolve the risks of real estate enterprises, promote the standardized and healthy development of the platform economy, and enhance international competitiveness.

The foreign exchange bureau also pointed out that it is necessary to cooperate with relevant departments to promote the healthy and stable development of the real estate market and platform economy. Respond to hot issues concerned by the market in a timely manner, stabilize market expectations, and maintain the smooth operation of the capital market.

It is worth noting that on March 16, there was heavy news about the pilot project in real estate tax reform.

According to Xinhua News Agency, the relevant person in charge of the Ministry of Finance said that the pilot project in real estate tax reform was carried out under the authorization of the National People's Congress Standing Committee (NPCSC), and some cities carried out a thorough investigation and preliminary research. However, considering all aspects, it is unlikely to expand the pilot cities in real estate tax reform this year.

In this regard, Zhang Dawei, chief analyst of Zhongyuan Real Estate, said: "Not expanding the property tax pilot this year is a huge benefit to the real estate market in the process of deep adjustment."

It is expected that the real estate policy will be accelerated in March and the support will be even greater.

After the meeting of the the State Council Finance Committee, several major departments made statements, all involving the real estate industry. According to Yan Yuejin, research director of think tank center of Yiju Research Institute, this started the first "spring thunder" of real estate development this year. This is another important policy statement and content after last year's central bank financial institution symposium and central economic work conference.

Since the second half of 20021,the tightening of financing and the slowdown of overlapping sales have further increased the cash flow pressure of housing enterprises, and the explosion of housing enterprises has become a hot word. Housing enterprises face the double dilemma of financial pressure and lack of confidence. Pan Hao, a senior analyst at RealData, believes that the meeting of the the State Council Finance Committee released a positive signal. Resolving the risks of housing enterprises requires the joint efforts of the government, housing enterprises and financial institutions to reallocate funds and resources in the industry, and even create conditions for some housing enterprises to withdraw or transform in an orderly manner.

Yan Yuejin said that such a dense statement reflects the signal of relaxing and supporting the real estate market, indicating that the real estate market has great influence, which has a positive effect on the development of housing enterprises and the entry of buyers into the market, and contributes to the positive and healthy development of the real estate market industry. It is expected that various support policies will be introduced in late March, and the pace of policy introduction will be faster and the support will be greater, which will bring positive impetus to the real estate industry.

Yan Yuejin further stated that the statements made by the CBRC, the central bank and other departments also showed that the financial authorities were concerned about the real estate market, which would have a positive guiding role in the subsequent real estate work of the financial departments in various provinces and cities, and the "one city, one policy" would also be actively implemented.

Beijing News reporter Duan Wenping

Editor Wu Xin proofreads Yang.