“The Real Estate Market Recession: Four Major Statistics Released by the Financial Supervisory Commission”

How bad is the housing market right now? The four major statistical data released by the Financial Supervisory Commission can be witnessed. The FSC released four major statistics on the 25th, which can verify the current real estate market recession, which has had an important impact on the loan market, and even affected the working capital loans of small and medium-sized enterprises, and made the balance originally scheduled to reach 380 billion this year Growing up, faced considerable challenges.

The Financial Supervisory Commission pointed out that for the 380 billion target to be met, the Ministry of Economic Affairs will launch two major projects, such as post-epidemic economic revitalization and incentives for enterprises to go low-carbon and smart, which should be able to support the related borrowing needs of small and medium-sized enterprises. Bankers pointed out that a considerable proportion of the previous loans of SMEs came from small and medium-sized construction companies. In addition, the repayment volume of the previous central bank revitalization project continued to increase. Whether the new project can play a compensatory role remains to be seen.

First of all, the Financial Supervisory Commission announced that the balance of the purchase of self-use housing and civil engineering financing at the end of April was 9.3986 trillion yuan and 2.5647 billion yuan respectively, with annual growth rates of only 4.69% and 8.97% respectively, compared with the high point in 2021. It has been “cut in half”, especially the annual growth rate of housing purchases in April is lower than the 5.02% at the end of March, and compared with the annual growth rate of 10.29% in June 2021, “half cut” is no longer enough to describe, and it has reached a new low Hou Liyang, Secretary of the Banking Bureau, explained that the analysis should be that various ministries and commissions have introduced measures to improve the housing market. The central bank has raised the policy interest rate by three yards in the past two years. The global economy has doubts about the downturn. As a result, people’s willingness to buy houses has declined. The overshoot ratio is 0.07%.

Furthermore, loans to SMEs declined by more than 600 million in the first quarter of this year compared to the same period last year. This is the first time in the past seven years since the first quarter of 2016 that there has been negative growth in the first quarter. According to many bankers, they are also closely related to small and medium-sized construction companies. Related; Hou Liyang, chief secretary of the Banking Bureau of the Financial Regulatory Commission, explained that the main reason is that the demand for working capital of small and medium-sized enterprises has decreased. The new low since May, May was 26.09%.

The National Bank of China’s real estate loans accounted for the proportion of total deposits in Article 72-2 of the Banking Law. The Financial Supervisory Commission also announced that it was 26.22% as of the end of April, a new low since 26.09% in May 2019, and a decrease of 0.06 from March. Among them, the real estate loan itself was 13.49 trillion yuan, a slight increase from the previous month, and the denominator increased significantly to 51.44 trillion yuan; in addition, no one has a proportion of more than 29% at present, because the original proportion was 28% to 29%. 2. The number of three banks has decreased, but now nearly one-third of the banks account for 27% to 28%, a total of about 11 banks.

The Banking Bureau also pointed out that the construction loan was 2.5647 billion, with an annual growth rate of 8.97% slightly higher than 8.4%. Compared with the 16.77% annual growth rate in January 2021, it continued to decline, and it was the second lowest point in history (the lowest was at the end of last month) ;In addition to the reasons for the decline in the growth rate of housing purchase loans mentioned above, the reasons for the shrinking annual growth rate of construction loans also include inflation, rising building material prices, and the fact that construction companies have turned conservative in their proposals. billion, over-release ratio of 0.07%.