Central Bank Deregulation, Development Loan, Differential Implementation Of Commercial Banks

From the central bank's business department's Currency Department, the head office of Agricultural Bank of China, the head office of China Construction Bank, and the head office of ICBC, the central bank has learned that the central bank's lending quota management system for commercial banks has been loosened. In the past, the central bank requested that the development loans of major commercial banks should not exceed 10% of the loan surplus. Now, the major banks can freely adjust the total amount of development loans. At present, the central bank has delegated the authority of the total amount of development credit to the head office of commercial banks, and commercial banks can restart the new development loan approval system. In the past, the four major banks even voluntarily made monthly checks and loans and stopped approving new development loans.

　　 Central bank policy Loose development loan

From the central bank's position to "support quality development loans, shanty towns transformation, affordable housing construction" to the two quarter, "using interest rate to avoid real estate risks" and then to the three quarter, "maintain a moderate liquidity", we can see the central bank's attitude towards real estate loans.

At the end of 8, the area for sale of the national commodity house is 561 million 600 thousand square meters, the pressure of high stock still exists, the housing enterprise funds are weak, and many housing enterprises hope that the central bank will unban the interest rate near the benchmark interest rate development loan.

"Generally speaking, the central bank still implements the quota management system for commercial banks' development loans. Commercial banks still need to follow certain loan to deposit ratio, but the total amount of development loans has been granted to commercial banks. The new development loans of commercial banks can be launched, but the examination and approval system is still firmly in force." A member of the central bank's Department of Monetary Affairs disclosed to reporters.

"Loose. Development loan The total amount control, that is to say, the central bank no longer controls the ratio of total loans and loans to major commercial banks. Of course, the deposit and loan ratio of real estate developers is still sticking to the loan ratio. If the housing enterprises are in the bank deposit of 0 yuan, it is obvious that they want to advance the use of bank development loans, that is, giving the commercial banks some power from the total amount. A person from the head office of the Agricultural Bank of China further explained the economic observer. Under such a loosening, the development loans of banks can be increased. On the other hand, the original strictly restricted development financing products are also quietly loosened. Specifically, it is through the allocation of financial products to enable developers to obtain project debt and financial products, and even provide mortgage loans to the Real Estate Company related trade companies. "From a professional point of view, it belongs to financial innovation means. Once discovered, this kind of situation is directly accountable, but now these products are experiencing explosive growth." A person from Guotai Junan told reporters.

"At present, all major commercial bank The attitude is to support the first tier cities, but the three or four line cities are cautious. The Agricultural Bank said, "at the same time, the government has made great efforts to transform shanty towns, so commercial banks are willing to lend."

　　 Bank execution: differentiation

The central bank's "development loan restriction order" has been loosened, but commercial banks have adopted a policy of differential credit in the implementation process. Commercial banks are currently supporting first tier cities and affordable housing development loans, and other cities and areas need to adopt risk assessment methods. The head office of the Agricultural Bank of China, the head office of China Construction Bank and the head office of ICBC confirmed the above information.

In August 16th, a housing company in Anshun, Guizhou Province, was preparing to apply for a loan of 40 million yuan to the Agricultural Bank of China Guizhou branch. Its four certificates were complete, the project scale was about 200 million yuan, and the two level development qualification was available. In Guizhou Province branch's risk assessment, it was "smooth" all along, according to the normal process. In August 26th, the Agricultural Bank of Guizhou province will grant 40 million development loans, but the funds did not arrive on the same day. As a result, in August 27th, the Guizhou branch of the Agricultural Bank of China was informed by the head office of the Agricultural Bank of China that it was clear that the head office of the Agricultural Bank of China had taken the power to develop the loan and credit power of the provincial Bank of agriculture. The paper also clearly defined the development loan, that is, residential real estate, commercial real estate and a large number of mortgage loans.

Specifically, developers in Guizhou want to apply for a loan from the Agricultural Bank of China. They need to apply to the head office of the Agricultural Bank of China instead of applying to the Guizhou branch of the Agricultural Bank of China.

"The right to grant development loans has not been downloaded, but is being collected. In general, development loans are growing, but the conditions of the head office are very harsh and the examination time is very long. I'm sorry, I have to wait. For large housing enterprises are guaranteed, small housing prices are pressure. A person from the Guizhou branch of the Agricultural Bank said.

However, this situation did not appear in the Agricultural Bank of China Beijing branch and the Agricultural Bank of China Shanghai branch.

The same situation also occurs in ICBC and China Construction Bank.

Before the National Day holiday, ICBC Fujian provincial branch revealed to the Economic Observer newspaper that the head office has withdrawn the right to develop credit from Fujian branch.

Under such circumstances, the opportunities for development of loans in the 234 tier cities are reduced. "These cities have huge inventory and huge risks. Banks naturally have to consider their own risks." A ICBC head office revealed.

In the first tier cities and surrounding areas, there are fewer restrictions on obtaining development loans. In October 8th, Liu Wenjun, general manager of Baishi Jingu Industrial Co., Ltd., told reporters that Baishi Jingu owned 2390 acres of industrial parks in Yanjiao, Hebei. Financing channels basically relied on the development loans of industrial and Commercial Banks, and almost no sense of "list system" existed.

A person from ICBC said: "the so-called" list system "management does not mean that businesses can enjoy large businesses, and small businesses can not enjoy them. Banks should not only inspect projects, but also look at the repayment schedule. If the real estate market is relatively rational, the repayment schedule will be very good. For example, the annual loan repayment rate reached 33% in 2013, and they would be a member of 33%, even if they were small, they could get loans. And hundreds of billions of Housing enterprises and qualified large enterprises, but always to complete the task and the amount of huge, has become an open secret of the four big lines, so the four big companies have chosen not to give it.