Bank continues to support first-ever housing consumption

BEIJING, January 27 (Xinhua) China Banking Regulatory Commission (CBRC) said at the CBRC's first economic and financial situation briefing in 2010 that financial institutions must reasonably control the credit increment, maintain control, and continue to expand consumer credit such as the first home ownership housing. Mr Liu stressed that the banking institutions must unswervingly promote the credit management "three measures, a guideline" ("Interim measures for the management of fixed assets loans", "liquidity loan management measures" "personal loan management measures" and "project Financing Business Guide") full implementation　　comprehensively evaluate and effectively prevent the risk of local financing platform, strengthen the loan tracking and inspection, pay close attention to the real estate market changes, strengthen the supervision and management of real estate loan business and window guide; continue to rein in lending to high energy consumption, high emissions and overcapacity industries. He also stressed that he insisted on maintaining control and actively supported the change in the mode of economic development. Continue to strengthen the small business, "three rural" financial services to ensure that the annual agricultural loans, small business credit growth rate is higher than the growth of all loans, credit increase is higher than the previous year, continue to support the expansion of consumer credit, continue to support the residents of the first residential housing consumption, and actively develop suitable for urban and rural household characteristics of consumer credit Automobiles, agricultural machinery to the countryside, support for slum upgrading, support for the construction of affordable housing and low-cost, small and medium-sized housing construction of ordinary commodity.