Zhengzhou once again expressed its position to increase credit support for real estate enterprises, hoping to "see results"

"Now, you can only shrink your watch and wait." A senior executive of the top 30 real estate enterprises investing in real estate development in Zhengzhou said.

This enterprise has been developing in Zhengzhou market for many years. Since last year's rainstorm and epidemic, his business sales situation is not ideal. Coupled with the tightening of loans, the difficulties are aggravated.

The good news is that Zhengzhou is coordinating relevant departments to increase credit support for manufacturing and real estate.

According to the news of Henan Provincial People's Government on April 14, on the morning of April 12, Zhengzhou held a forum for financial institutions, and Vice Mayor Li attended and spoke. Responsible persons of Zhengzhou financial management departments, financial institutions and relevant departments directly under the central government attended the meeting. Li said at the meeting that in the first quarter of this year, financial institutions at all levels in Zhengzhou seriously implemented the central, provincial and municipal financial policies and measures, expanded credit supply, and the city's financial industry as a whole operated smoothly.

Focusing on the next step, Li stressed that financial institutions at all levels should make good use of monetary policy tools, promote the steady decline of comprehensive financing costs while maintaining the steady growth of total credit, and increase credit support for key areas such as manufacturing, real estate, infrastructure, inclusive finance and organic renewal.

The meeting did not explain how to increase credit support for the real estate industry. In view of the specific support methods, the reporter of China Real Estate News called Zhengzhou Financial Bureau to understand the situation. The staff of the bureau said that "it is not convenient to disclose the specific content of the meeting, and you can pay attention to the release of official information". Subsequently, the reporter contacted other relevant departments and banking institutions, and no response was received as of press time.

"Real estate is a capital-intensive industry, and financial support is very important, and it can also receive immediate results. Holding a financial institution forum is to find a suitable way out for real estate financing. " Huang, director of the Land Planning Research Office of the Institute of Land Development and Regional Economy of the National Development and Reform Commission, said.

The reporter noted that this is the second financial work conference hosted by the main leaders of Zhengzhou this year. On March 4th, the first joint meeting of financial work in Zhengzhou in 2022 was held. He Xiong, deputy secretary of Zhengzhou Municipal Committee and acting mayor, said at the meeting: "I hope that financial institutions will seize the' three opportunities', focus on key areas such as post-disaster reconstruction, real estate and infrastructure construction, increase the scale of credit supply, and inject a steady stream of financial living water into high-quality development."

Although the official hasn't reported the data and measures of Zhengzhou real estate enterprises' credit financing, it has been held twice in a month, and both times mentioned that it is necessary to increase credit support for the real estate industry, which not only reflects the capital demands of Zhengzhou real estate enterprises, but also means that the situation of Zhengzhou real estate industry has undergone profound changes.

According to the latest Implementation Plan for Expanding Effective Investment in Zhengzhou in 2022, Zhengzhou will strive to increase investment in real estate development by more than 8% in 2022. At the same time, the plan proposes to make full use of opportunities such as the central bank continuously guiding financial institutions to meet the reasonable financing needs of the real estate market and encouraging high-quality housing enterprises to issue M&A loans; Take measures to ensure that the real estate development investment projects under construction are implemented according to the construction progress, promote the virtuous circle and healthy development of the real estate industry, form a mechanism conducive to stability and normalization, and boost the confidence of market participants in development.

According to government statistics, in the past 202 1 year, Zhengzhou's investment in real estate development dropped sharply, down 10% year-on-year. According to the data of Ke Rui, the commercial housing market in Zhengzhou was under great pressure on 202 1, and the transaction area and amount plummeted. The overall transaction area of commercial housing is about13.98 million square meters, down about 25% year-on-year. The transaction amount of commercial housing is about 1769 yuan, down about 22% year-on-year.

Affected by this, market confidence has declined, which has become the norm for developers who are short of money.

In order to alleviate the dilemma, before the above two financial conferences, Zhengzhou issued a new property market policy of "18" on March 0 this year, which specifically mentioned giving enterprise project loan support, including organizing bank-enterprise docking on a regular basis, encouraging financial institutions to issue and renew loans to difficult enterprises, and increasing M&A loan support for real estate enterprises in accordance with the principles of compliance with laws, controllable risks and sustainable business.

On the second day after the release of "18 New Deal", Henan Real Estate Association issued a notice on reporting the financing needs of development enterprises (projects) statistically, and some enterprises reported it.

At that time, in response to the financing situation of housing enterprises, a person from Zhengzhou Branch of a joint-stock bank told reporters that at present, banks have certain support for government financing platforms, state-owned enterprises and central enterprises, and they have to tighten or even stop lending to private enterprises in consideration of risks.

After a series of combination punches, has this situation eased? On April 15, the reporter contacted the above bankers again. He said: "Banks still have strict control over loans, especially for private enterprises."

TOP30 housing enterprises in the above-mentioned industries also said that the Henan provincial government tends to help enterprises set up debt committees when dealing with the problem of non-performing loans, but in the end, enterprises evade bank repayment, which intensifies the risks of banks and makes non-performing loans in Henan remain high. Affected by this, Zhengzhou state-owned banks and joint-stock banks are cautious about the credit approval of private enterprises, and only local city commercial banks act under the guidance of the government.

"At present, existing loans are good and new loans are still tight. It is basically impossible to borrow new things and taste old ones. " TOP30 housing enterprises in the above-mentioned industries said that under the coordination of local governments, provincial banks and head offices have relatively positive credit attitudes towards housing enterprises, but it is often difficult to make progress when communicating with local branches in specific business. I hope this coordination can see results.

Because the loan relaxation is not obvious, they have suspended part of their investment and are now fully building and delivering existing projects.

On April 18, the National Bureau of Statistics released the economic data indicators for the first quarter. From April/KLOC-0 to March, the year-on-year growth rate of funds in place of real estate development enterprises in China was-19.6%, with a large decline. Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that from the data point of view, the overall performance of funds is not good, which also shows that housing enterprises have not felt the relaxation of current policies.

Faced with this situation, Huang suggested that we should start with policies and give full play to the role of local financial institutions. In addition, it can also support real estate enterprises to raise funds through bonds.

Huang also saw a deeper problem. He said that Zhengzhou strives to increase its investment in real estate development by more than 8% year-on-year, which is to implement the requirements of the central government and the province. The Central Economic Work Conference pointed out that it is also an important task for Henan Province to promote the healthy development and virtuous circle of the real estate industry, which is also an important measure to stimulate economic growth and meet the housing needs of the people.

Facing the depressed market, Zhengzhou Daily reported that at the Second Plenary Session of the 12th Zhengzhou Municipal Committee and the Economic Work Conference of the Municipal Committee held on February 15, Acting Mayor He of Zhengzhou presented his analysis and judgment on Zhengzhou's real estate industry. "Zhengzhou's real estate market has encountered some minor difficulties now, and there will be no major problems in the future. Market demand is stable and predictable, and the supply side is also optimizing and adjusting. "

He Xiong believes that in recent years, the vitality of Zhengzhou has been continuously enhanced, and there are more and more "titles" of national brands, many of which have high "gold content". Such as an international aviation metropolis, an international logistics center, a core growth area of the Central Plains Economic Zone, a national central city, and a high-quality development regional growth pole, it is also an important node of the Belt and Road Initiative. In the future, population, capital and other factors will be further concentrated in Zhengzhou. It can be said that Zhengzhou has great development potential and full stamina, and all sectors of society are very optimistic about Zhengzhou's expectations, especially the development of the real estate industry.

Under the adjustment of relevant policies, investors are paying attention to the new trend of Zhengzhou real estate market.