Over 14 billion has been invested in the past two weeks!Banks are increasing financing for private real estate companies, and many banks are accelerating the implementation of loans – Mobile Financial Industry

Over 14 billion has been invested in the past two weeks!Banks are increasing financing for private real estate companies, and many banks are accelerating the implementation of loans.

Cao Yunyi, reporter from the Associated Press

2023-12-08 23:11:57

China Financial News Agency reported on December 8 (Reporter Cao Yunyi) Since November, the financing environment for private real estate companies has been further improved. Banking institutions have not only accelerated the research on docking real estate companies, but also taken practical actions to meet the reasonable financing needs of different real estate companies without discrimination.

It is understood that since November, major state-owned banks have provided more than 30 billion yuan in real estate development loans to non-state-owned real estate companies, including more than 14 billion yuan in the past two weeks, and many banks are accelerating the implementation of loans.

Experts said that such moves show that private real estate companies are receiving more attention. It also shows that in terms of financing, local governments have changed their orientation from simply investing in state-owned enterprises and paid more attention to the importance of private companies. The industry hopes that financial bailouts can solve the financing difficulties and congestion problems of private housing companies and promote the industry’s return to normalcy.

A total of more than 30 billion has been invested since November

It is understood that since the People’s Bank of China, the State Administration of Financial Supervision, and the China Securities Regulatory Commission jointly held a symposium on financial institutions on November 17, many commercial banks have actively implemented the spirit of the meeting, conducted intensive discussions and research with real estate companies, strengthened communication and collaboration between banks and enterprises, and increased private sector investment. The intensity of corporate loans.

Major state-owned banks responded quickly, held business discussions with a number of real estate companies, and increased investigation and research into key areas and key business areas. A reporter from the Associated Press learned that since November, major banks such as ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications have provided more than 30 billion yuan in real estate development loans to non-state-owned real estate companies, including more than 14 billion yuan in the past two weeks, and many others. The bank is accelerating the implementation of approved loans to private enterprises, while increasing project reserves, and taking practical actions to meet the reasonable financing needs of real estate enterprises with different ownerships without discrimination.

From the perspective of financing scale, since November, Agricultural Bank of China has provided loans of more than 5 billion yuan to non-state-owned real estate enterprises, and Bank of China has issued real estate loans of more than 4 billion yuan to private real estate enterprises, supporting the reasonable financing needs of real estate enterprises. China Construction Bank regards the real estate business as its current focus and has issued more than 5 billion yuan in real estate development loans to private real estate companies.

In the past two weeks, ICBC has issued nearly 5 billion yuan in new loans to non-state-owned real estate enterprises, accounting for a steadily increasing proportion of all new real estate loans. Bank of Communications has issued a total of more than 3 billion yuan in real estate loans to non-state-owned enterprises in the past two weeks, maintaining a relatively good proportion of corporate real estate loans.

In addition to major state-owned banks, many banks are actively providing financing support to real estate companies and accelerating the implementation of loans. Since the symposium on November 17, China Guangfa Bank has provided nearly 1 billion yuan in development loans to non-state-owned real estate projects. Recently, it has actively promoted the credit approval of development loans for many private real estate projects, adjusted and optimized credit plans for some enterprises, and increased credit support. intensity.

In November, Zheshang Bank realized nearly 5 billion yuan in real estate project loans, of which mixed ownership and private real estate companies accounted for more than 90%. After the symposium on November 17, it increased project marketing and reserve efforts, and has already reserved Non-state-owned real estate companies have provided tens of billions of yuan in loans for real estate projects and will actively promote the implementation of loans.

Private housing companies are paying more and more attention to their financing needs

Previously, the Central Financial Work Conference was held in Beijing from October 30 to 31. The meeting emphasized the need to promote a virtuous cycle of finance and real estate and to meet the reasonable financing needs of real estate companies of different ownerships without discrimination. Later, Pan Gongsheng, Secretary of the Party Committee and Governor of the Central Bank, said in an interview It is also mentioned that all people should be treated equally to meet the reasonable financing needs of real estate companies of different ownerships and maintain the stable operation of the real estate market.

Policies have repeatedly released positive signals to support the reasonable financing needs of real estate companies. Different from the past, the financing difficulties of private real estate companies have received more and more attention and support.

Yan Yuejin, research director of E-House Research Institute, told reporters from the Associated Press that the recent trends in bank symposiums show that the attention and emphasis on private housing companies is increasing, and it also fully demonstrates that in terms of financing, local governments have changed from simply investing in state-owned enterprises. Orientation, pay more attention to and value the importance of private enterprises.

“The intensive convening of this kind of work is not only to find out the bottom line, but also to gradually deploy work and reach cooperation intentions. We believe that all types of enterprises should take the initiative to connect with banks and actively obtain financial resources.” Yan Yuejin said that similar symposiums also showed that some Regional private housing companies can also receive greater support.

Liu Shui, corporate research director of China Index Research Institute, said that commercial banks have intensive discussions with private real estate companies to solve problems such as financing difficulties and congestion for private real estate companies, speed up the resolution of real estate companies’ reasonable demands, and increase their financing support, which will promote the improvement of private housing. The corporate financing environment is conducive to improving industry expectations and promoting the industry’s return to normalization.