CBRC Will Launch A New Round Of Mortgage Pressure Test

China

In the "second economic and financial briefing" in 2011, Liu Mingkang asked all banking financial institutions to take a deep look at the risks in key areas, and strengthen the development from various aspects such as development strategy, business model, internal management and risk culture.

He urged that the risk of loans from local government financing platform should be prevented, and strict and accurate classification management should be implemented to improve the consistency and accuracy of the results of different banks' "four classification" loans for the same platform.

Timely amendment of loan contract, reasonable adjustment of loan term and repayment way.

We will continue to reform the stock platform loan and effectively release the potential risks.

Liu Mingkang said that in order to prevent the risk of real estate loans, we should continue to conscientiously implement differentiated housing credit policies, strictly enforce the loan operation process, and implement the list management of real estate development loans, mortgage in construction projects, control of loan numbers and closed management of sales land sales.

Carry out a new round of real estate loan pressure test.

He also called for the prevention of country risks and the establishment of a country risk management system that is compatible with the strategic objectives of this institution and the scale and complexity of country risk exposure.

We should establish and improve the data collection and information reporting system for country risks, and improve the country risk assessment and monitoring mechanism.

It is necessary to establish an effective country risk mitigation mechanism, and firmly establish and improve the national risk provision system and the proper practice of timely sterilization.

To prevent liquidity risk, Liu Mingkang urged that we should focus on strengthening asset and liability management, expand the sources of funds, optimize the structure of credit investment and improve the situation of mismatching of assets and liabilities.

Continuous and dynamic monitoring of liquidity risks was conducted to monitor the daily average loan and loan liquidity level monthly.

It is strictly forbidden to raise interest rates arbitrarily, and strictly prohibit the increase of deposit interest rates in disguised form by means of refunding fees or giving away physical objects. It is strictly prohibited to absorb deposits through illegal means such as service preferences, compulsory or restricted measures.

Liu Mingkang said that this year is the year of the opening of the year 12th Five-Year. All banking financial institutions should focus their efforts on serving economic restructuring, improving the quality and efficiency of development, raising the level of financial services, implementing the prudent monetary and credit policies, changing the extensive management mode of simple pursuit of loan scale and market share, laying stress on the establishment of long-term mechanism and sustainable development, and ensuring strict and prudent loan conditions.

We should thoroughly implement the new loan regulations such as "three methods and a guideline", and effectively serve the needs of the real economy.