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    The CBRC Will Supervise And Guide Banks To Increase Credit Support For Affordable Housing.

    2011/1/13 13:49:00 51

    CBRC Affordable Housing Credit


    12, the head of the China Banking Regulatory Commission said that the CBRC will conscientiously implement the state's macro regulation and control on the real estate market, and urge and guide banking financial institutions to increase credit support for affordable housing on the basis of effective risk control.


    The person in charge at the ventilation meeting of strengthening the indemnificatory housing construction held by the China Banking Regulatory Commission said that the Banking Regulatory Commission will seriously study the practical problems encountered by the banking financial institutions in the implementation of affordable housing loans, such as the difficulty of implementation of the repayment guarantee, and strengthen consultation with relevant departments to jointly create a favorable policy environment for the banking financial institutions to better support the construction of affordable housing.


    The guiding opinions on speeding up the development of public rental housing jointly issued by the seven departments of the Ministry of housing and urban rural development, including the Ministry of housing and urban rural development in June 2010, clarified the direction of credit support for the construction of public rental housing, and encouraged financial institutions to issue medium and long-term loans for public rental housing.

    Restraining investment demand for housing, increasing affordable housing and small and medium-sized housing supply are two important points in the current macro-control of real estate.


    According to the statistics released by the CBRC, as of the end of 2010 11, the balance of development loans of major banking financial institutions for affordable housing was 75 billion 100 million yuan, an increase of 32% over the same period last year, which is 8 percentage points higher than that of all real estate loans.

    The balance of personal purchase of affordable housing loans was 19 billion 800 million yuan, an increase of 42% over the previous year, which is 10 percentage points higher than that of all personal mortgage loans.

    In addition, banking financial institutions provide a large amount of credit support for shantytowns, low rent housing, public rental housing and affordable housing in general merchandise housing.


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