China Securities News · China Securities Taurus reporter recently learned from a local branch of a joint-stock bank that in early March this year, the head office of the bank asked all branches to increase the marketing of mortgage business to key real estate developers and large second-hand housing intermediary companies, and increase the scale of mortgage loans.
The reporter investigated a number of banks in Beijing and found that at present, the amount of housing mortgage loans of all banks is sufficient and the delivery speed is accelerated. Some banks can approve within half a day and lend within a week at the fastest.
sufficient mortgage loan
Industrial And Commercial Bank Of China Limited(601398) Beijing Branch, a customer manager told reporters: “at present, the amount of housing mortgage loan is sufficient. If the customer meets the loan conditions and has complete information, it can be approved within half a day as soon as possible. After passing the review, the loan can be made within a week.”
“At the end of last year, the loan amount was relatively tight. It usually takes two or three months. Now it can arrive in two or three weeks at the fastest and only one month at the slowest.” Agricultural Bank Of China Limited(601288) Beijing Branch, an employee said that the current pace of housing mortgage loans has accelerated.
Bank Of China Limited(601988) a customer manager of the personal loan department also said that at present, the customers they handle can complete the approval within about one week with complete information, and then complete the loan within one week.
For the reasons for the recent acceleration of loan delivery, the customer manager of Bohai Bank Beijing Branch told reporters that the beginning of each year is a period of abundant funds. At present, the amount of housing mortgage loans of their own banks is sufficient, and the situation of other banks is basically the same.
Bank Of Jiangsu Co.Ltd(600919) a person from Beijing Branch said bluntly: “there is no shortage of quota this year. Customers can safely apply for loans in the second quarter of this year.”
However, the situation of bank branches is different. A bank account manager told reporters that at present, he did not feel the increase of mortgage loan investment, nor received the notice of internal policy adjustment. The approval process is the same as usual, and the loan can be completed within about one month.
positive signals appear frequently
The reporter’s research found that not only the investment of housing mortgage loans has been strengthened, but also the investment of real estate development loans and M & A loans has been favorable recently under the influence of positive policies.
On March 16, the Finance Committee of the State Council held a special meeting to study the current macroeconomic and capital market related issues. With regard to real estate enterprises, the meeting pointed out that it is necessary to timely study and put forward effective risk prevention and resolution solutions, and put forward matching measures for the transformation to a new development model. The CBRC proposed to actively promote the transformation of the development mode of the real estate industry, encourage institutions to carry out M & A loans in a stable and orderly manner, focus on supporting high-quality real estate enterprises to merge and acquire high-quality projects of difficult real estate enterprises, and promote the virtuous circle and healthy development of the real estate industry.
On March 14, Industrial Bank Co.Ltd(601166) successfully issued 40 billion yuan of financial bonds in the national inter-bank bond market, of which 10 billion yuan will be used for M & A loans for real estate projects. Previously, Fuzhou Vanke has obtained Industrial Bank Co.Ltd(601166) M & a loan of nearly 3 billion yuan to support Fuzhou Vanke to supplement funds for projects under construction through equity acquisition and overall operation.
According to the reporter’s combing, at present, China Merchants Bank Co.Ltd(600036) , Ping An Bank Co.Ltd(000001) , Guangdong Development Bank, Shanghai Pudong Development Bank Co.Ltd(600000) , Industrial Bank Co.Ltd(601166) and other banks have provided M & A financing support, and the real estate enterprises benefiting include real estate enterprises such as China Resources Land, Poly Developments And Holdings Group Co.Ltd(600048) , Vanke, country garden, Midea real estate and China Construction Development real estate.
overall prudence and controllable risk
For the financing of the real estate industry, financial institutions are cautious as a whole.
The person in charge of local financing business of a private real estate enterprise told reporters that at present, real estate development loans and M & A loans have been strongly supported by policies, but whether the funds can be released to enterprises is related to market behavior. On the whole, banks are still very cautious about the financing of the real estate industry.
As for the issue of risk exposure of the real estate industry concerned by the outside world, China Merchants Bank Co.Ltd(600036) , Ping An Bank Co.Ltd(000001) recently released the 2021 annual report, which shows that as of 2021, the balance of non-performing loans and non-performing loan ratio of the real estate industry of the two banks have increased, but remained at a low level as a wholeP align = “center” Image Source: China Merchants Bank Co.Ltd(600036) 2021 annual report p align = “center” Image Source: Ping An Bank Co.Ltd(000001) 2021 Annual Report
Ping An Insurance (Group) Company Of China Ltd(601318) chief investment officer (to be appointed) Deng Bin said at the 2021 performance conference recently that the real estate risk exposure of Ping An insurance group is controllable and controlled within a reasonable range. In the future, Ping An Group will make real estate investment in line with national policy guidance, including high-quality real estate projects with relevant concepts such as carbon neutral digital economy and medical health, high-quality commercial real estate, affordable low rent housing, affordable rental housing and other real estate sectors closely related to national economic development.
