CBRC does not respond to suspension of Beijing-Shanghai-Hangzhou three-set mortgage

The previous days, the market spread two news, foreign media refers to China's Banking regulatory Commission recently suggested that the commercial banks in Beijing, Shanghai, Shenzhen, Hangzhou and other cities of the third set of mortgages, the third set of mortgage approval authority will also be collected from the branch to the head office. In addition, the CBRC has asked banks to do a new round of stress tests, and in cities where prices have gone up too early, banks are putting the worst of a 50%-60% drop in house prices on stress tests. This newspaper that day on two of the News of the mortgage is reported. Yesterday, the CBRC responded to questions raised by this newspaper denied the fact that "the price of the property fell 50% pressure measurement", but to "whether to recommend Beijing, Shanghai, Shenzhen, Hangzhou, the regional commercial banks suspend the third set of mortgages", the CBRC did not answer directly, but said that will "further" guide and supervision of banks to strictly carry out mortgage management,　　Make people's imagination. Vague only reiterates that the housing policy is not lax on whether the CBRC advises Beijing, Shanghai, Shenzhen and Hangzhou regional commercial banks suspended the issuance of the third set of loans, the CBRC did not answer, but again stressed that for "commodity housing prices are too high, rising too fast, supply tight areas", commercial banks can be based on the risk situation,　　Suspend the purchase of third and above housing loans. The CBRC said that after the State Council's "notice to resolutely curb the excessive rise in housing prices in some cities" issued, the CBRC made specific deployment of commercial banks, and recently reiterated the implementation of the relevant requirements of the State Council not lax, not waver.　　For commodity housing prices are too high, in areas where the market is rising too fast and supply is tight, commercial banks may suspend the purchase of the third and above housing loans according to the risk conditions, and the ratio of the first payment and the loan interest rate should be greatly increased, which is determined by the commercial banks according to the principle of risk management.　　The CBRC also disclosed that it will "further guide and supervise" commercial Bank housing consumption loan management, resolutely curb speculative investment in housing loan demand, effectively meet the demand for housing loans, timely and rigorous investigation of all types of illegal and irregular acts, to ensure that the national macro-control policies and related regulatory requirements are strictly enforced. According to a reporter visited yesterday, Guangzhou did not completely stopped three sets of mortgages. Among them, BOC Guangzhou, a branch of the staff said the bank is still able to issue three sets of mortgages, down payment of 60%, interest rate floating 20%. In addition, according to ICBC, CCB, Bank of credit department staff introduction, three banks down payment are also in five to Geochen, interest rate floating in the 15% to 20%.　　But AgBank (601288) and Huaxia Bank (12.04,0.26,2.21%) made it clear that a third set of mortgages had been stopped.　　Clarification: In response, the CBRC clarified that there was a rumour that the CBRC had asked commercial banks to conduct a new round of stress tests to take into account the worst case of a 60% decline in house prices, only when the "property price fell 30%" was tested. In order to further grasp the impact of real estate market volatility on the quality of commercial banks ' real estate loans, the CBRC asked commercial banks in May 2010Carried out the real estate loan pressure test, analyzed in the National Real estate price down 10%, 20%, 30% under the different pressure situation, the commercial bank real estate loan quality is impacted. However, whether or not the stress tests in the more extreme cases rumoured or to be launched mean that the second half of the mortgage control policy will be tightened and the focus of the market.　　The CBRC further stressed that various scenarios do not represent the CBRC's judgment on the trend of the real estate market, nor does it represent a possible change in real estate credit policy. Lianping, chief economist at Bank of Communications (6.54,0.16,2.51%), told reporters yesterday that the CBRC's request for banks to carry out an extreme case of 50% to 60% per cent of housing prices was not a simple conclusion that the mortgage control policy would be tighter. (Reporter Huang Intern wangxia) Related reporting Central Bank: Continue to implement moderately easy monetary policy Xinhua News Agency, the People's Bank of China issued a second-quarter monetary policy implementation report on the evening of 5th, from the report can be seen that the main tone of monetary policy has not changed, the central bank of the price upward risk remains a　　Demand to strengthen the management of inflation expectations and maintain moderate growth in monetary credit.　　The central bank said that the next stage, will continue to implement a moderately loose monetary policy, grasp the implementation of the policy of the strength, rhythm, focus, maintain the continuity and stability of policy, enhance the pertinence and flexibility, and deal with to maintain stable and rapid economic development, adjust the economic structure and manage inflation expectations. China Chamber of Commerce, the president of the Niemesen: the second half of the property market volume will not enter the freezing point South Daily News "Although the Beijing and Shenzhen Spike and other first-line city turnover declined a lot, but because of the two or three-tier city supporting role, the national sales area in June suddenly reversed, to 90 million square The second half of the year is expected to change, but will not enter the freezing point as expected, straight down 30%-50%.　　"At the 2010 China Real Estate Summit Forum held in Guangzhou yesterday, Niemesen, President of the Chamber of Commerce and Industry, issued the above views. Developers ' financial adequacy has fallen this round of market regulation has been a full three quarters.　　But overall, the control of the market, the invisible hand of the reaction strength over the previous regulation, the market presents a complex and multifaceted changes, and still in a stalemate. National Bureau of Statistics, March sales volume of about 80 million square meters, a slight decline in April, May fell more than 70 million square meters, but a sudden increase in June, sold to more than 90 million square meters. Niemesen said that this shows that the national unsalable inaccurate, can only say that some cities, such as Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou, Real trading volume dropped a lot, but two or three-line cities and other parts of the city to support the national sales in June reached the highest.　　"I estimate July sales may change somewhat, but not as many expected, the second half of the freezing point, straight down 30%, 50%, will not happen." But Niemesen stressed that the amount of money from developers,Capital adequacy has changed markedly, and the monthly real estate investment and housing enterprise funding ratio has been gradually reduced, "a very high in the first quarter, to June reduced to 1:1.1." The real estate industry is not bad money situation has now changed.　　"In particular, real estate investment in June reached a crazy 583 billion yuan, far more than last year's monthly average of 300 billion yuan, if the July or August to maintain such a trend, funding will further decline." Referring to the current real estate policy, Chen Huai, director of the Center for Policy Research at the Department of Housing Construction, also said that the so-called most stringent property market regulation policy is actually two parts, one is to curb unreasonable excessive demand, speculative demand, and second, to promote supply increase. "Half of these two parts are suppressive and half irritating."　　"The people to get out of the demand, the need to improve demand, the rural workers to enter the city, curb the profiteering of developers, and so on all the problems are added to it, and hope that in the 1-2 macro-economic operation of the macroeconomic regulation to solve all problems, is in any case not to do." Housing construction funds are not optimistic about the topic of vacant houses, Chen Huai said, it is true that many of the early sale of the house has not yet checked in, but the digestive process conforms to the law, a mature community development needs 5-10 years. "Beijing Wangjing community in the first decade of the House is no one to live, and now it has become the fastest rise in house prices, this is a process in line with the law."　　"The second is because China's urban sprawl, uneven development, the building of the house, underground pipe network, commercial facilities, traffic conditions are not yet available, but also need some time to improve." In response to the housing construction, Niemesen expressed concern about the funds. "To prevent the decline in investment in real estate enterprises, the central government to increase the construction of affordable housing hedging, this year to build 5.8 million sets of affordable housing, a total investment of about 360 billion yuan, it will be very difficult." Last year's housing construction mission was completed only three or four, and 60% outstanding debts to be filled. "It is understood that according to the Ministry of Housing construction data, in order to complete 5.8 million sets of tasks, the central government has issued 60 billion funds, but still have 300 billion yuan need local support." "Local finance if not to come out, will certainly let the developer from the land link intervene, even let the developer build, the developer eventually will be in the commercial housing to find back." ”