ABC report: Stress tests do not fully reflect the risk of falling house prices

The report said that the stress tests or failed to take into account the risk of mortgage-related loans, once the housing prices fell sharply, the relevant industry loans will also be severely affected "Caixin network" (Integrated media reports) According to Reuters, Agricultural Bank of China (601288.SH/01288.HK)　　The results of the latest round of mortgage stress tests, though more optimistic, may not fully reflect the risk of falling house prices, according to a new study by the Strategic Management department. The report found that the stress test is mainly measured by real estate development loans and personal housing mortgage loans of bad debt rate, but the risk of mortgage-related loans is not taken into account, and the real estate development upstream and downstream chain is very long, the correlation is very broad, once the house price falls sharply, the related industry loan also can be affected seriously.　　In addition, there are some problems that are difficult to consider in the process of residents ' purchase loan, such as false information of personal income and contract of Yin and yang.　　The report argues that the real estate market regulation will prompt banks to adjust the real estate credit structure and increase lending to the two or three-line cities while compressing the loans in the areas where prices have risen too fast.　　Recently, a number of listed banks, including CMB and the bank, announced the results of the mortgage stress test at the China news conference, which showed that the non-performing rate of the banks had increased by only 1%-2% in the case of a 50% decline in house prices. (Caixin reporter Ma Yuan)