CBRC collects two mortgage housing prices

A rise in the property market or an excessive increase in the amount of new credit is clearly straining the regulators ' nerves. July 17, the CBRC chairman Liu said that to control the risk of real estate loans, strict implementation of the "Second Suite" standard. Before June 22, the CBRC issued a "notice on further strengthening the risk management of mortgage loans", pointing out that real estate credit, especially in the mortgage business "false mortgage", "false down Payment", "false Price", "two sets of mortgage" standard relaxation and other issues began to be exposed,　　The notice calls for strict adherence to the second set of mortgage policies. The property sector, which had previously been vague about the regulatory stance, was explicitly included in the new risk points.　　Some analysts believe that the strict implementation of the two housing policy, the housing market a new round of volatility is difficult to avoid, this year's continued rise in the market will be over.　　Two sets of mortgage "tight" wind frequency in the recent 2009, the third economic and financial situation briefing, the Chairman of the CBRC warned the banking industry that there are four new risk points, such as the lack of real capital or insufficient risk, the risk of financing, the risk of loan concentration and the risk of real estate market. It is noteworthy that Mr Liu also stressed, in particular, to strictly implement the "two-suite" standard, strictly according to the provisions of the implementation of housing mortgage loan first payment ratio and loan interest rate, the investment housing to adhere to the first Kang Gaocheng number, the interest rate strict risk pricing and credit strict review of the principle of strict implementation and borrower 100% "interview", "Face sign"　　System, take effective measures to prevent the "false mortgage", "false down payment" phenomenon occurred. From the first half of the market situation, the CBRC's requirements are timely and necessary.　　It is understood that in the first half of the banks to scramble for mortgage customers, many banks have reduced the verification of the identity of lenders, privately lower the proportion of the first payment and the rate of loans, and even some banks allow customers to buy a house after the bank to apply for loans, credit assets structure is too confusing. "From the credit to the extraordinary expansion to the current strict norms, reflects the central bank's monetary policy began to fine-tune the dynamic." According to the industry, the central bank governor Zhou Xiaochuan has said that a moderately loose monetary policy will continue, the specific operational strength needs to take a step forward, according to the actual needs of dynamic fine-tuning. "Now it seems that the credit policy has changed from the weight of the former to the weight of the quality; It is no longer necessary to expand blindly, and it is imperative to ensure a reasonable flow of funds.　　said the person. In order to ensure the reasonable flow of funds, and thus ensure the safety of bank funds, Liu stressed that the banking institutions should adhere to the bottom line of capital adequacy ratio, maintain the capital adequacy ratio at the current level of stability, to ensure the quality of capital composition. At the same time strict adherence to the provision of coverage of the bottom line, in the year must increase the provision coverage to more than 150%.　　According to the latest data released by the CBRC, as at the end of June 2009, commercial banks ' provision coverage was 134.3%, up 17.9% from the beginning of the year. Beijing Business Report Market reaction housing market large-typeThe availability of a large number of reporters on the ground to find that the recent period of time in Shenzhen, a lot of real estate agents at the door of the house is significantly more. Shenzhen Real Estate Information online announced more listings than in June.　　From the type of housing, three rooms and more than the type of the size of the push disk is slightly more than sequel and a room and other huxing. "This should be related to the government to start tightening the policy of two housing loans." "The small left of the world's real estate," said. It is understood that two sets of mortgage tightening information released, a part of real estate investors to avoid a repeat of the 2007 investment failure began to accelerate the speed of the push, especially some large-type housing has become the main selling object.　　Shi Lian Line Fukuda Center District intermediary Personage discloses, since two sets of housing loan tightening news comes out, even has the investor to slash the price to throw a plate. "Large-type housing will be thrown out first." Should be with this kind of house the rent is too low, rent and monthly supply gap is too big. "A long-term focus on Shenzhen's real estate market analysis of people." Shenzhen Futian under the Merinco of a set of three rooms for example, the region's three rooms in the total price of 1.5 million yuan ~200 million, but the room-type market on the monthly rent generally around 3100 yuan. Even at the 70 percent minimum discount rate, the down payment of 30% loans for 30 years of the monthly contribution is also between 5000 yuan ~7000 yuan. If the first payment is 20%, the gap between monthly and monthly rents will be more pronounced. So if you can't find a buyer as soon as possible, for investors, the risk of monthly supply is self-evident. Securities times stock market soaring property alone down the "second Suite" standard will be strictly enforced, banks to control the risk of real estate loans ... The recent management position makes the real estate plate become frightened.　　Real Estate became the only industry sector to fall yesterday, down 0.21%. The performance of the Prev close, but in recent days, the real estate plate appears "leg soft". Yesterday, soon after the opening of the real estate sector, a few "big Brother" fell, leading to the index in the early fall, the position oscillation at 3,200 points. Poly Real Estate, the gold group yesterday's biggest decline of more than 4%, Vanke's biggest decline also more than 3%.　　Subsequently, the market rally has not led the real estate plate turned red, and finally fell 0.21%. Huachang, a real estate researcher at GF Securities, said the recent "leg softness" of the property sector was related to the recent speech by the chairman of the CBRC.　　Yesterday, the CBRC disclosed the remarks made by the Chairman of the CBRC at the third economic and financial briefing, stressing the need to control the risk of real estate loans, strictly enforcing the "two-suite" standard, and enforcing the mortgage payment ratio and loan interest rate strictly according to regulations. Management of the real estate industry attitude change, so that investors on the plate of the stock gap gradually increased, resulting in the last few trading days of the plate oscillation.　　Guangzhou Bandung believes that this may be a signal before the tightening of mortgage policy, the future with the policy changes, the real estate market may start to bubble process. GF Securities Huachang that the "second suite" credit tightening on the real estate developers is not too much: "Because only for the ' second suite', the only blow is the phenomenon of speculation, will not bring a fatal blow to the property developers.　　"He thinks, now real estate transaction price and quantity all obviously rebound, the second half year house price continues to rise the probability is bigger, but the trading volume may not have obvious enlargement." According to wind statistics, the 42 funds that have released the quarterly report, the real estate industry from the third to the second, showing that the agency is still bullish on the real estate sector.　　Shenwan Paris Fund said that the real estate is still bullish, even if short-term adjustment, volume price Qi Sheng will pull the real estate enterprises to continue. Has the analysis shifted to whether the CBRC's tightening of two mortgages at this point means that policy is about to turn? Full House Red Enterprise Development, chief analyst Longbin that the policy background, is precisely the property market again into another upsurge of the period, similar to the situation in 2007 years: First, since 5 June, the National Real estate market prices, rising speed, and secondly, the proportion of investment in the purchase of property is rising,　　With the demand for a market-oriented, the general wage layer of the rigid demand for the proportion of decline; third, the Earth King continued to emerge, strengthening the market price expectations. Longbin said the first half of the market continued to move higher, and mortgage support, especially the two sets of loans generally more loosely related, because the mortgage as one of the bank's high-quality assets, the banks in order to expand the amount of mortgage business to make up for the loss of profit margin, at any rate or relax for many sets of mortgage barriers In this case, housing prices continue to soar, investment behavior, especially short-term speculation, the risk of bringing home loans has significantly increased, because once the market volatility increased, for example, in many areas last year, the number of flats fell more than 30%, investors and short-term speculation may be broken to leave.　　The CBRC reiterated the strict implementation of the two mortgage policy when the market began to overheat. Guangzhou, general manager of outstanding real Estate Investment Consulting Co., Ltd. Chao Chowen also agree with the view that the policy winds change. "The first half of the real estate market is crazy, and this madness has just begun, so it is right to start prevention at this point." The three stages of inflation have now shifted from equities to property, and the next step is rising prices, which must be addressed early.　　Li Wenjiang, chief market analyst at the company, said that in his view, it was a reminder of business risks within the banking sector, not a policy shift, or a conflict with moderately loose monetary policy.　　The housing market or the current stage of the top CBRC to tighten the two sets of loans, the voice of the industry, said the strict implementation of the two housing loan policy, the property market a new round of volatility is unavoidable, this year's continued rise in the market will come to an stop. Han Shitong said that the second half, the development of the property market depends on the country's adjustment, if the relevant policies close, turnover will inevitably shrink. "The new wave of the property market is difficult to avoid, this year the continued rise in the market will come to an stop, the property market will be to the top of the stage, the second half of the high adjustment. Longbin said the immediate effect of tightening two of mortgages was to crack down on speculation and reduce investment, and thus quickly cut deals. ButBy the core area of new goods less, "king" to help increase the psychological effect of cash flow developers and sufficient factors such as the impact of the property price may be maintained in the high level of operation, and slowly experienced a market without the city, the supply and demand relationship gradually changed, the property price may be a small correction from the　　"Longbin said. Sun, chief economist at Nomura Securities China, said the central government would not take further drastic austerity measures to cool the property market, given the importance of real estate to jobs, consumption, investment and local government revenues, despite the current bubble in some central city housing markets. Sudden austerity will not only be strongly resisted by local governments, but will also bring a lot of bad loans directly to banks. It is expected that the housing bubble will continue to expand, and it is impossible to predict when the bubble ends and how damaging it is for banks and the entire real economy, but one thing is for sure, as long as it is a bubble. Wangyi