ICBC denies real estate development loan halted

Chairman Jiang Jianqing said the regulator did not stop real estate development loans; BoC said it would continue to expand its real estate development loan business amid anecdotal rumours that a recent regulatory moratorium on state-run property development loans was announced yesterday by ICBC and BOC in their interim results announcements, both banks said they would continue to issue mortgages. ICBC: The regulator did not stop the real estate development loan at the 5 o'clock last evening ICBC interim results Conference, ICBC chairman Jiang Jianqing said that the regulator did not stop the real estate development loans, real estate is the pillar industry of the national economy, directly pulling forty or fifty industries, need to avoid the local area of the real estate bubble.　　ICBC President Kaisheng said that the bank's real estate development loan policy is consistent, strict implementation of the list system management, will increase the two or three-line and central and western cities of real estate development loans, while reducing the eastern and Pearl River Delta region of real estate development loans. BOC: No moratorium on real estate development loans in addition to the day later in the ICBC Performance conference, BOC President Lihui said, BOC Real estate development loan business Health, BOC first half of this year, real estate company loans increased 46.5 billion yuan, in the company's loans accounted for 8.43% of the proportion, rose by 0.81% compared to the beginning of the year, with an adverse rate of 0.72%.　　The second half of the qualified real estate developers will continue to actively expand their business, BOC did not intend to suspend this business. Chen Shiqing, vice president of BOC, said that if the cessation of loans to real estate companies would inhibit supply, pushing up prices. BOC Real Estate development type Non-performing bank loan only 2 billion, accounted for 0.72%, below average bad rate 1.2%. In the second half of the real estate loan delivery, in line with the National Real estate control policy, will be more prudent, first, the choice of the loan customer standards will be higher; second, the demand for capital will be more stringent; third, the object of the loan, manufacturing products must meet the small type, the entire housing　　Low-cost housing construction, such as a series of requirements. Rumors that AgBank, the construction bank suspended the mortgage yesterday, the media reported that the CBRC orally notified the state-owned large banks to suspend the development of loans, Agricultural Bank of the headquarters has officially issued a moratorium on loans. CCB also issued a notice that the head office decided to suspend the issuance of corporate real estate loans, and reported on the loan situation. But AgBank and CCB have not yet made a statement on this matter.