CBRC confirms cessation of credit to 78 central enterprises

26th China Banking Regulatory Commission responsible to the first financial reporter confirmed that for SASAC's 78 central enterprises that do not take real estate as its core business, all projects for which the project is not under construction as a mortgage will not accept the credit application, the credit must be preserved and the new credit should be discontinued.　　The official pointed out that the monitoring of the loan irregularities into the stock market, housing problems to be resolutely investigated, without leaving hidden dangers.　　It is understood that in order to cooperate with the State Council to rectify the real estate market investigate the illegal behavior of real estate enterprises, the Banking Regulatory Commission requires commercial banks, the land and resources departments, construction authorities to verify the existence of hoarding, cover the behavior of the real estate development enterprises, to be included in the warning list, not to issue new loans, existing loans to take effective measures to protect. In addition, for the above-mentioned real estate development enterprises to use the holdings of land as collateral for loans, banks should seriously investigate the possibility of duplicate mortgage issues, and the mortgage rate deduction.