Shanghai Bank Implements Macro-Control Policies Of Real Estate

According to the data of the central bank's headquarters in Shanghai, personal housing loans in Shanghai continued to decline in September, a decrease of 480 million yuan in that month, a decrease of 14 billion 810 million yuan over the same period last year (compared with the same period last year), and a decrease of 240 million yuan compared with the decrease of 240 million yuan in August.

On the same day, the data released by the Shanghai Banking Regulatory Commission also showed that personal loans in September were reduced by 427 million yuan (Note: slightly different from the central bank's headquarters in Shanghai, which may be caused by different statistical caliber).

It is noteworthy that the Shanghai banking regulatory bureau pointed out yesterday that the Shanghai banking regulatory bureau has been supervising the implementation of Shanghai banking industry.

The deviation of loan sales data shows the strictness of policy implementation.

The Shanghai central bank issued yesterday's September Shanghai monetary and credit data show that Shanghai's personal housing loans fell for second consecutive months.

Data show that in September, Shanghai's personal housing loan decreased by 480 million yuan in that month.

Among them, the new housing and second-hand housing loans were reduced by 1 billion 400 million yuan and an increase of 920 million yuan.

For the whole third quarter, the RMB personal housing loans in the city decreased by 1 billion 270 million yuan (including 2 billion 690 million yuan and 1 billion 420 million yuan respectively) in new housing and second-hand housing loans, or 44 billion 600 million yuan over the same period.

Market participants pointed out that the reduction of mortgage loans should be directly related to the tighter and tighter implementation of real estate regulation policies.

What is obvious is that according to the latest data released by China real estate information group in October 2nd, as of September 28, 2010, the volume of commercial housing in Shanghai has reached 1 million 80 thousand square meters in September, which is more than 1 million 30 thousand square meters in April.

In response, Lu Qilin, deputy director of the real estate research center of the Wei Wei, told the Morning Post reporter that the above data may indicate that the investors with a one-time payment feature have recently returned to the real estate market in Shanghai.

Lu Qilin introduced, according to the agency's market research in September, because of the third housing loan stop lending policy, in the new development of the month, the low price housing is often taken by one-time buyers.

For example, in September launched a housing project in Nanhui, there will be more one-time payment buyers.

Shanghai Banking Regulatory Bureau measures to refine housing policy

Shanghai Banking Regulatory Bureau yesterday released more detailed data.

According to the data, as of the end of 9, the bad balance of personal loans in Shanghai was 1 billion 494 million yuan, 175 million yuan lower than the beginning of the year, and the bad rate was 0.32%, which was 0.08 percentage points lower than the beginning of the year.

Yan Qingmin said that the Shanghai banking regulatory bureau has been concerned about the quality problems of Shanghai's banking industry, and through various regulatory measures to guide the risk management of mortgage loans in the Shanghai Banking industry.

But what is really worth noting is that according to the press release of Shanghai banking regulatory bureau, Yan Qingmin said yesterday that in view of the latest market regulation policy in Shanghai, Shanghai banks are now stepping up efforts to revise and improve relevant systems in accordance with relevant documents.

This includes: explicitly stop accepting third or more housing mortgage loans, suspend the purchase of third housing and above family housing provident fund loans; according to the relevant provisions of the Shanghai municipal government, further refine the criteria for non residents to apply for loans in Shanghai, strengthen the management of consumer loans, strictly control the flow of funds, strictly prohibit the use of loans in disguised form for the purchase of housing, and increase loans in the contract shall not be used for the purchase of housing.

In addition, the Shanghai banking regulatory bureau said that the next stage will strictly control the risk of real estate credit, and strengthen the investigation of the real estate development enterprises with illegal land records, such as land idle, changing the land use and nature, delaying the completion time, and selling illegal sales.

On the credit policy, it is further clear that banks continue to support real estate development enterprises to undertake low, medium and small commodity housing projects and participate in affordable housing projects.