Regulators Stopped The Fixed Assets Loan &Nbsp; &Nbsp; Secured The 7 Trillion And 500 Billion Credit Line.

　　 Regulatory body Full suspension of December RMB fixed assets loan The practice is unreasonable, unexpected.

In December 20th, a number of commercial bank branches told reporters that bank branches had received the "suspension order" of the local banking regulatory bureau before December 17th, and demanded that the RMB fixed assets loans be suspended before the end of the month.

"Liquidity loans and personal loans can not be arbitrary administrative halt, can only take fixed assets loans." A general manager of the credit management department of a joint-stock bank said frankly that the supervisory body's action was to prevent the individual sub branches' credit from being sprint again at the end of the year. In fact, the new RMB loans in the first 11 months have reached 7 trillion and 470 billion yuan. 7 trillion and 500 billion credit line Only one step away.

However, behind the suspension of fixed assets loans, regulators seem to have more long-term considerations. A person close to the regulator revealed to the newspaper reporters that a policy was introduced in the regulatory department before the loan of the fixed assets must be strictly recovered on time, and that the loan should not be extended. Once the period is extended, it will be possible to classify the loan directly into the secondary category.

In fact, the urgent issue issued by the regulatory authorities also made it clear that the loan contract for fixed assets must be strictly recovered on time, and no extension should be allowed. The loan which is not yet paid for the maturity period is not allowed to be postponed for the time being, that is, the principle of "no renewal, no borrowing is new and old".

"The prohibition of fixed asset loan extension is mainly directed at local government platform lending and development loans." The above said frankly, but the "one size fits all" approach has drawn a lot of controversy. Some banks are reluctant to put this policy into practice.

In December 16th, the CBRC also publicly stated that commercial banks were required to be more prudent and stricter in their management of credit risks, while ensuring the normal demand for loans of individuals and enterprises to be satisfied, especially to ensure that construction, renewal projects and normal liquidity of enterprises, demand for personal loans and other daily financial services were not affected.

The controversy is "one size fits all".

In order to maintain 7 trillion and 500 billion of the credit line for the whole year, regulators are forced to take a heavy hand in the rush of commercial banks. This means that the fixed assets loans were temporarily frozen in the second half of December.

"But by the end of the year, we have basically done our business and will not sprint again." Insiders from a corporate bank in Shanghai say that the bank's liquidity loans and personal loans have not stopped.

A Jiangsu branch of a large bank disclosed to our reporter that the implementation of the branch is not allowed to sign new fixed asset loan contracts until the end of the month, including medium and long term loans and short-term loans. At the same time, due loans are required to be collected on time, and no renewal is allowed.

In the actual implementation process, banks have slightly different understanding and implementation of regulatory spirit. A policy bank source told our reporter that compared with commercial banks, the implementation of policy banks should be much more relaxed. If the contract has been agreed, banks will still make loans in accordance with the contract, "it can not be completely stopped".

However, the practice of issuing loans for fixed assets in the Ming Dynasty still causes disputes and worries of commercial banks.

The general manager of the credit management department of the stock exchange analyzed that although the regulatory authorities prohibit the renewal of the loan and the original intention of borrowing new loans, the "one size fits all" approach did not take into account the actual operation needs of commercial banks.

For example, in practice, the loan period often does not match the project time process. A three year project is likely to get a two-year loan. After two years, the loan is due, but the project has not yet been completed. If there is not enough money for the project, the bank will handle it through the extension.

In view of the above loans for real estate development and local financing platform loans directly into secondary loans after the extension, a senior executive of a joint-stock bank said that no specific notice had yet been received, but he thought it was not impossible.

According to those close to the regulator, the regulatory action is intended to further regulate the loan of real estate developers. "At present, when the loan is tightened, real estate developers often get financing support through the cooperation of bank and credit, in order to obtain financing or even violate the law. It is strictly prohibited to develop loan extension period, which aims to further tighten the capital chain of real estate developers.

"From a regulatory point of view, real estate regulation will continue next year, so the suspension of fixed asset loans by the end of the year will be in line with the whole macroeconomic regulation and control." A city businessman said.

However, the actual implementation of the resistance is still very large. The analysis of the credit management department of the joint-stock banks indicates that if the policy falls to the ground, if it is not the old and new, it will allow the bank to change the repayment period according to the actual situation. Only in this way can the bank reach a new repayment agreement with the enterprise. {page_break}

　　 Next year's platform lending

In the view of the above large banks, the suspension of the consolidation of loans by regulators at the end of 2010 will be enough for lending to local government platforms next year, especially for urban construction loans.

The above personages said that loans for fixed assets include four categories of capital construction investment, renovation, real estate development and other fixed assets, and the biggest impact on the "suspension order" is undoubtedly urban construction loans and real estate development loans.

The credit management department of the above shares said frankly that in early December, the CBRC would regulate the transfer of credit assets below, strictly prohibit the transfer of loans, and there would be little room for bank credit to move.

Similarly, December is exactly the key month for commercial banks to compete for project reserves. But in the past, when the credit contraction is expected, bank competition is less.

"Bank reserves have been developed almost everywhere." A large bank company business department said that although next year is the first year of the 12th Five-Year plan, the local government also has a strong "new" impulse, but the approval of new projects will be difficult in 2011.

In December 11th, the central economic work conference just concluded, issued a clear signal, stipulates that in 2011, we should strengthen the management of local government debt, and resolutely prevent the blind start of the "12th Five-Year" period.

In the view of the above large banks, the central spirit of the central economic work conference is to strictly control new projects, and the two is to ensure that projects under construction.

"Four trillion" project is a large number of new projects approved in 2009, and the construction period is usually about three years. Most of the projects in the next year are facing a concentrated ending. These people admitted that the demand for funds for construction projects is still very large.

For banks, the above said that due to medium and long term loans, there will be a grace period of one or two years, and the pressure of the real interest repayment of the banking industry will be shown in 2012. For example, some county level financing platform in Jiangsu, a platform debt reached about 10000000000, the annual interest rate is 400 million -5 billion.