CBRC Said There Is A Red List Of Real Estate Central Enterprises.

The person said that the list management is to supervise the banking industry.

The notice issued by the State Council in April this year calls for strengthening the supervision of land acquisition and financing of real estate development enterprises.

State assets and financial supervision departments should intensify their investigation and handling.

Commercial banks should strengthen pre loan examination and post loan management of real estate development loans.

Commercial banks shall not grant loans for new development projects for real estate development enterprises where land is idle or fried.

According to the Shanghai Securities Journal, at present, the large housing enterprises group is facing a number of risk points, including the risk of multi credit, the mutual insurance phenomenon in the group is rising, the debt rate has risen as a whole, the capital chain has tightened up, the loan is facing a concentrated expiry, and the strength is relatively weak.

The CBRC recently issued a request to strictly control the risk of large housing enterprises group loans.

It is required that large housing enterprises should take group as the unit and list as the basis to implement group and table credit management. The total loans of the group and the member enterprises shall not exceed 50% of the construction projects.

Large scale risk assessment should cover Real Estate Company's short-term, medium-term notes and other forms of credit.

At the same time, we should track and monitor related pactions within the group, closely examine the related pactions between the group enterprises and the affiliated enterprises, especially the parent subsidiary companies, and 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.

We must strictly control loan related guarantee and prohibit mutual insurance.

In addition, the CBRC asked for the risk exposure of high-risk real estate enterprises in advance.

High risk real estate development enterprises such as high price land acquisition, cross industry operation, over expansion, high debt ratio and other issues should pay close attention to their operating conditions. Once the funds are tight, they should take protective measures in time.

Real estate development enterprises with land idle, changing land use and nature, delaying completion time, and selling illegal sales records should stop issuing new development loans and loan extensions.

At the same time, it is necessary to actively cooperate with the land and resources department to carry out the idle land verification and disposal work, make good use of idle land information, and the principal persons in charge of the banking financial institutions that are indifferent to the idle land information and other relevant information, and the principal responsible persons need to write out the book descriptions to the regulatory authorities.

The CBRC also requires commercial banks to continue to strictly implement differentiated housing credit policies.

On the basis of grasping the risk and income, we should reasonably meet the demand for small and medium sized apartments, low and medium price real estate development loans, and continue to support the construction of affordable housing projects.

After the "two sessions" ended this year, the SASAC began to promote the withdrawal of central enterprises from the real estate industry.

The SASAC said that in addition to 16 central enterprises whose main business is real estate, the remaining 78 other central enterprises that do not take the real estate as their main business should speed up the adjustment and reorganization, and withdraw from the real estate business after completing the phased work of their own land development and implementation projects.

However, the pace of the withdrawal of central enterprises from real estate is very slow.

According to public information, since the SASAC asked the central enterprises to reclaim the real estate business in March, only 7 central enterprises such as COSCO, China aerospace, Sinopec and PetroChina have pferred the shares of real estate subsidiaries, while the remaining 71 central enterprises have not yet seen substantial actions.