Mortgage pressure test results in the bank can endure house prices fell 30%

Our News (reporter Xiong) real estate New Deal if the housing price falls, the bank mortgage asset quality will be affected? The latest round of commercial banks ' "physical examination" gives the answer – even if prices fall by 30%, the rate of non-performing loans will not rise significantly.　　Reporter learned that from April late in the beginning of the mortgage pressure test has come to an end, the results show that a number of commercial banks on the decline in housing prices tolerance between 30% to 40%. In the state-owned large bank, the bank first announced the results of the housing pressure test. Qian, deputy governor of the Bank of communications, said in a recent performance briefing, the results of the stress test showed that real estate prices fell 30%, bank loans non-performing rate will increase by 1.2%, personal mortgage non-performing rate increased by 0.9%.　　Qian said, the Bank of communications loans business balance accounted for relatively small, the quality of mortgage business is good, personal mortgage non-performing rate is only 0.37%. And in the first quarter with the brokerage analyst performance meeting, construction Bank of the above test results of the bank, said the 30% decline in the impact of the bank's non-performing loans "and the bank is roughly equivalent, may be slightly optimistic." Ma, President of China Merchants Bank, said to the media earlier: "China Merchants Bank has also done a lot of stress testing, the new deal will not have a big impact on the retail credit business of CMB." "Minsheng is expected to be the most optimistic in the stress tests," Hong Qi, the president, said publicly that a 40% drop in house prices would not affect the quality of Minsheng bank assets.　　CICC reported that the same forecast, if the property price fell 30%, the bank's real estate development loans and mortgages non-performing rate will not rise significantly. Gong, deputy director of the CBRC's research bureau, said in a recent meeting of the "Top Forum on financial reform in China", the CBRC has issued a guideline on pressure measurement of commercial banks to guide commercial banks to carry out stress tests on the high risk stability rate of the real estate industry according to the actual situation. Gong said the CBRC did not have a general judgment on the recent reports that commercial banks would be able to withstand a drop in house prices of 30%.　　The specific stress test situation depends on the individual business organization, including the balance of the loan, the source of funds and the control of the risk of the capacity, etc., specific circumstances need specific analysis, can not generalize. Industry insiders said the test showed that the bank's ability to withstand the decline in house prices seems to be better than expected, but the current property market volume has slipped, but there is no obvious loosening of housing prices, the banking sector is blind optimism, ultimately affected by the extent, but also need time to test.