Speed up the establishment of a long-term management mechanism of real estate finance

category:Finance
 Speed up the establishment of a long-term management mechanism of real estate finance


Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that the 1-year and 5-year LPR decline meets the current demand of real economy to reduce costs. In the novel coronavirus pneumonia, the short-term economic impact is more obvious, so the 1 year LPR has a larger downward trend.

Li Yujia said that the five-year LPR is more closely related to the real estate loan interest rate. This asymmetric interest rate cut mainly reflects the idea of further increasing support for the real economy. Meanwhile, novel coronavirus pneumonia has also reduced the cost of real estate loans, but the drop is even less in view of the consideration of stabilizing the economy and stabilizing housing prices.

Long term mechanism of real estate finance

For the long-term management mechanism of real estate finance, experts in the industry generally believe that preventing risks in the field of real estate finance, clarifying regulatory indicators and prohibiting illegal flow of funds to the real estate market will become the focus of supervision.

According to Li Yujia, it is expected that the long-term management mechanism of real estate finance may include several main directions: first, providing stable support for reasonable and just needed housing demand, and continuing to implement differentiated credit policies; second, the investment of financial resources in the real estate sector should match the reasonable growth rate of the real estate market; third, the financing in the real estate sector should open channels and block hidden channels, and regulators will be strict We will monitor and clean up illegal financing channels to prevent illegal capital flow into the real estate sector.

Yan Yuejin believes that the long-term management mechanism of real estate finance mainly takes into account the prevention of real estate financial risks and the management of relevant financial indicators. There are two main objectives of the long-term management mechanism of real estate finance: first, to control the financial risks in real estate related fields and prevent the expansion of credit risks; second, to clarify some regulatory indicators, such as the proportion of real estate loans in loans issued by financial institutions.

Of course, the establishment of a long-term management mechanism of real estate finance does not mean immutability, not to mention one size fits all, because urban policy is still an important way to control the real estate market. Yan Yuejin listed a new policy of Zheshang Bank. According to several media reports, Zheshang Bank recently issued a notice on the adjustment of personal loan policy. The notice made it clear that the proportion of down payment loans for the first set of personal housing purchased by non restricted urban households was reduced from 30% to 20%. According to Yan Yuejin, this reflects that commercial banks have implemented a more relaxed loan policy for non limited purchase cities according to the actual situation, and also reflects the current guidance of the loan department of commercial banks to reduce the cost of house purchase. This policy is also the embodiment of the citys policy. For some non limited purchase cities, reducing the proportion of down payment will cause greater market attention. The introduction of this policy, objectively combined with the recent return to work node, helps to activate the housing transaction market, and also plays a positive role in the bank loan business market. According to Yan Yuejin. Source: Financial Times editor in charge: Li Zhaoyuan

Of course, the establishment of a long-term management mechanism of real estate finance does not mean immutability, not to mention one size fits all, because urban policy is still an important way to control the real estate market. Yan Yuejin listed a new policy of Zheshang Bank. According to several media reports, Zheshang Bank recently issued a notice on the adjustment of personal loan policy. The notice made it clear that the proportion of down payment loans for the first set of personal housing purchased by non restricted urban households was reduced from 30% to 20%. According to Yan Yuejin, this reflects that commercial banks have implemented a more relaxed loan policy for non limited purchase cities according to the actual situation, and also reflects the current guidance of the loan department of commercial banks to reduce the cost of house purchase.

This policy is also the embodiment of the citys policy. For some non limited purchase cities, reducing the proportion of down payment will cause greater market attention. The introduction of this policy, objectively combined with the recent return to work node, helps to activate the housing transaction market, and also plays a positive role in the bank loan business market. According to Yan Yuejin.