China Banking Regulatory Commission: Actively promote the work of "ensuring the delivery of buildings, people's livelihood and stability"

China Housing Network News (Liu Min/Wen) On July 2 1, the State Council Office held a press conference on the operation and development of the banking and insurance industry in the first half of 2022. Qi Xiang, spokesperson of CBRC and director of supervision department, and Liu, head of statistical information and risk monitoring department, responded to relevant hot topics.

Among them, Liu, head of the Statistical Information and Risk Monitoring Department of the CBRC, said that the CBRC attached great importance to it, actively strengthened cooperation with the Ministry of Housing and Urban-Rural Development, the People's Bank of China and other departments, and supported local governments to more vigorously promote the work of "ensuring housing delivery, people's livelihood and stability".

There are four main measures and work. First, do a good job in financing the real estate industry in an orderly manner. Under the premise of prudent management of real estate finance, guide banks and insurance institutions to provide financial services to real estate and construction industry. In June, real estate development loans increased by 52.2 billion yuan. At the same time, the CBRC will give full play to the role of M&A loans and other tools and the professional advantages of asset management companies, and cooperate with relevant parties to do a good job in financial support related to "ensuring housing delivery, people's livelihood and stability".

The second is to meet the reasonable housing needs of residents. The China Banking Regulatory Commission and the People's Bank of China lowered the lower limit of the first home loan interest rate by 20 basis points to guide banks to improve the efficiency of mortgage approval. At present, the lending rate has reached the fastest since 20 19. Optimize the financial services for new citizens' housing and support the needs of just-needed and improved customers. At present, more than 90% of the mortgages are the first home loans.

The third is to support the development of the housing rental market. The China Banking Regulatory Commission took the lead in issuing the Guiding Opinions on Banks and Insurance Institutions Supporting the Development of Affordable Rental Housing, which excluded loans for affordable rental housing from the centralized scope of real estate loans, and promoted the enthusiasm of banks to provide loans for affordable rental housing. At present, housing lease-related loans increased by 62.9% compared with the same period of last year.

The fourth is to implement differentiated housing credit policies. China Banking Regulatory Commission (CBRC) instructed all dispatched offices to cooperate with local governments to optimize real estate policies based on the actual situation, and do a good job in real estate-related work due to the city's policy, so as to promote the stable and healthy development of the real estate market. With the active cooperation of the financial sector, the interest rate of buying houses has gradually decreased.

He said that the CBRC will maintain the continuity and stability of real estate financial policies, strengthen communication and cooperation with relevant departments, keep real estate financing stable and orderly, support the commercial housing market to better meet the reasonable housing needs of buyers, guide financial institutions to participate in risk disposal in a market-oriented way, strengthen coordination with the Ministry of Housing and Urban-Rural Development and the People's Bank of China, cooperate with local governments to actively promote the work of "guaranteeing the delivery of houses, ensuring people's livelihood and ensuring stability", and provide relevant financial services according to laws and regulations to promote the virtuous circle and healthy development of the real estate industry.

In addition, the data shows that China's real estate credit runs smoothly as a whole. Liu introduced that in June, China's real estate loans increased by 200.3 billion yuan. In terms of real estate financing, real estate development loans increased by 52.2 billion yuan in June.