Hainan Fried Building Credit worries: cash from foreign loans or fund-raising

After a beautiful and expensive sea view, more locals in Hainan are still struggling to raise income. CFP figure in the National property market turnover large area decline in January, the Hainan property market is rapidly blowout, a 1993 of the Hainan property bubble burst crisis theory also appeared.　　Although Sanya and Haikou still have a large number of speculators to buy, although some developers have said that most of the buyers are paid in full cash, there is no bubble, but this seemingly risk-free "Hainan real estate fever" behind, but looming many loopholes. Nine home buyers from the foreign Sanya local small and medium-sized developers Sanya Real Estate supermarket this month has a new project opening, the company's general manager assistant Wang Yinghe told reporters, the company in Sanya suburban Jinji Ridge development of a small and medium-sized project, 50,000 square meters of supply is not much, but there have been a large number of potential customers to come Most of them say they want to pay the money in full. So its pricing will also be from last year's 15,000 yuan/square meters up to 20,000 yuan/square meters, so also in short supply. "More than 90% of our clients are from the field and most of them are paid in cash, and I believe there will be no credit risk," he said.　　"Wang Yinghe said.　　Reporter also learned that some of the price of Sanya 50,000 yuan/square meters high-end real estate sales office, the demand for buyers must be full payment, the minimum down payment is more than 50%. But a reporter in Haikou, a bank consulting loans to buy a house, a credit salesman said a different opinion. Although the majority of the people who buy houses in Hainan are cash, they are not used to repay the loan debts due to the bank, but to further hoard, develop, invest and sell money back and forth through multiple banks.　　Not only that, the surface is in the use of cash to buy a house, belongs to its own funds, in fact, a considerable part of the buyers from the field banks and other channels of loans, financing transfer over the funds, the risk is not small in every aspect.　　There are some people simply will be the money to familiar with the occupation of Hainan speculators, used in Hainan around the house, so some investors have amassed a large number of private funds, once the problem, such as Wenzhou private capital investment in Shanxi coal mine has been affected by coal reform, the consequences are very serious. Hainan Real Estate has medium bubble Central bank data show that 2009 real estate loans added more than 2 trillion yuan, accounting for the total number of new loans 20.9%. By the end of 2009, real estate development loans for major financial institutions had grown by more than 30% per cent year-on-year, with loans exceeding 42%.　　And in the entire new real estate loan, most of the personal housing loans, accounting for close to 70%. National Bureau of Statistics Hainan Investigation Corps January 25 data show that last year, Hainan real estate development investment growth is strong. Annual real estate development investment of 28.79 billion yuan, an increase of 44.3%.　　Among them, residential investment 26.178 billion yuan, an increase of 51.9%. Yesterday, according to the banking industry, the CBRC recently asked banks to carry out credit funds illegally into the stock market housing and credit card overdue loans risk self-examination. Self-Examination focus on whether the developers misappropriation of development loansBuy hoarding land, whether the borrower to credit funds, financial products, or as a futures margin.　　Fan, a member of China's Monetary policy committee, said yesterday that the pressure of inflation and asset bubbles in China was "worrisome" and that excess liquidity was a problem. U.S.-China urban and real Estate Promotion Association founder, the City (real estate) Thinker Forum Secretary General Qingzhong, in December 2009 after the investigation of Hainan real estate, Hainan Real estate at least there is a medium bubble, and too fast, and its tourism industry's grade does not match.