The CBRC Investigated 60 Large Housing Enterprises &Nbsp; &Nbsp; Demanded Strict Control Of Housing Enterprises Loan Risks.

Banks carry out "list management" for housing enterprises: they do not lend money on the list.

Close to the regulators, the regulators have completed the survey of 60 large real estate enterprises in the near future. Due to the complex structure of the large housing enterprises group, the serious and opaque information, the rising debt ratio of the housing enterprises and the tight capital chain, the regulatory authorities require banks.

The latest trend of this regulation is interpreted by the industry as a signal that the real estate development loan will be restricted.

The CBRC research report shows that 18 of the 60 Housing enterprises have an average debt to equity ratio of more than 70%.

At the same time, 60 Housing enterprises have 4266 member enterprises, of which 64 member enterprises have more than 90% of their assets and liabilities.

The long credit risk of the housing enterprises group has become a prominent problem in the risk investigation. The mutual insurance in the group has increased. The amount of mutual insurance loan is as high as 141 billion 700 million yuan.

From the loan maturity structure, the 60 large housing enterprises group accounted for 28.3% of the large loans due in one year, and 63.6% of the loans were due before the end of 2012.

In view of the recent intensive investigation by the CBRC on the large scale real estate enterprise group, a branch of a city commercial bank told the first financial daily that the request of the CBRC for the loan of large real estate enterprise groups is only a frame of view, which does not mean that short-term policies will be introduced to tighten credit.

"Regulators have taken control of bank credit lines this year. Most banks are launching in line with the credit lines set up at the beginning of the year. The head office has not specifically asked how much the proportion of real estate loans should be controlled."

The person said that the current close to the year, in the remaining more than a month, the original bank credit is not much, so the impact on real estate loans will not be great.

If next year regulators impose tough measures against large real estate groups, the impact will be apparent.

There are more bankers in this view.

A joint stock bank branch president also told this newspaper that this does not mean that the CBRC calls for tighter credit to the real estate enterprises, but that the CBRC is giving the banks a risk.

According to these signals, banks can inspect their loan structure in real estate and make corresponding adjustments accordingly.

It is understood that the regulatory authorities require the banking industry to implement group and credit management. The total loans of the group and the member enterprises should not exceed 50% of the construction projects; track and monitor the related pactions within the group, strictly prevent the pfer or appropriation of credit funds; verify the true source of project capital, prevent enterprises from withdrawing capital from related pactions or using debt funds as capital; strictly control loan related guarantee and prohibit mutual insurance.

At the same time, for high risk real estate development enterprises with high price, land acquisition, cross industry operation, over expansion and high debt ratio, regulatory authorities require banks to pay close attention to their operating conditions. Once the funds are tight, they should take protective measures in time.

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Suggesting bank risk

A joint-stock bank company business department insiders told this newspaper that the bank's overall credit scale tightened this year, not only affecting the real estate sector.

Based on the density of real estate regulation, banks are more sensitive and sensitive to the real estate sector this year.

"Therefore, for banks, the choice of loans for real estate enterprises will be larger this year. Before, many real estate enterprises came to loan, and most of them could be approved based on the competition of the same industry."

The above branch president said that in recent years, the proportion of new loans in real estate has been rising. The spirit of the CBRC is to make banks more rational and prudent in real estate loans.

The person also said that from a larger perspective, the CBRC proposed that banks should implement differentiated real estate credit policies from the beginning of this year, and increase credit support for affordable housing, low rent housing and small apartments.

Since the introduction of the new real estate policy in April, every policy has reiterated this view, which means that the idea of real estate regulation is becoming clearer.

"It also means that real estate regulation is not to shrink real estate loans, but rather to optimize the direction of loans so that they are more in line with the urbanization process.

In the case of individual loans, the differentiated credit policy is to encourage self occupied housing and improve housing and curb investment.

Group credit control upgrade

In view of the financial risk accumulation problem of large housing enterprises group, the CBRC has raised the "list system" management method that has been launched since the beginning of the year, and has incorporated the qualified large real estate groups into the regulatory scope.

"The CBRC has already asked for a list management of real estate loans. At present, our bank requires that only enterprises on the list can lend money. If they are not on the list, the real estate loans with exceptional project qualifications should be examined by the head office."

A joint-stock bank branch governor told this newspaper that the reason for the implementation of the list management is that many large real estate enterprises involved in large credit granting through the group's overall credit. The head office made a counterpart to the headquarters of the large scale real estate enterprises, but this kind of letter was not closed, resulting in many large housing enterprises hoarding land, misappropriation and mixing of funds among projects, and so on, so as to set up a list to remove some risky housing enterprises.

In January this year, the CBRC made it clear that commercial banks should not issue new loans to the real estate development enterprises that have discovered and / or verified by the land and resources department and the competent construction department by the bank investigation.

In April, after the "ten countries" came out, regulators clearly demanded that commercial banks should attach importance to the development of enterprise qualification, performance and credit, and implement the list management of developers in the whole bank.

Recently, regulators again warned the developers of land idle loans, requiring commercial banks to actively cooperate with land and resources departments in the field of idle land verification and disposal, make proper use of idle land information, and make a written statement to the regulatory authorities for the principal persons in charge of the banking financial institutions that are indifferent to the idle land information and other related information.

Another joint-stock bank official said that regulators had asked banks to give credit to large real estate companies in the past year, not the first request after the survey.

"The group credit is virtual. After the overall credit is given, we will look at the specific projects and give specific credit under the overall credit line.

For example, the overall credit for a housing enterprise group is 10 billion yuan. The group has 10 projects in a year. It depends on the qualifications of each project, such as the bank will predict its future sales prospects, so as to assign different loans to each project.

The person said, but in the past two years, the bank's request for credit for real estate business groups is more stringent.