News says real estate development loan will be temporarily tightened

Tangwen in the background of a step-by-step escalation of credit rumours, a number of commercial banks have reported that loans for real estate development classes will be temporarily tightened. "Development loans for real estate companies have been halted. "The main reason is that banks lent too much last year and the risk monitoring of the real estate market intensified," a commercial insider told the first financial daily yesterday.　　"The real estate companies interviewed admitted that the real estate industry is dependent on the capital rolling industry, once the formal tightening of monetary, will certainly affect the short term." Credit easing is considered a big reason for the 2009-year property market to "overdo it". The National Bureau of Statistics recently released data shows that 2009 real estate development Enterprises source of funds 5.7128 trillion yuan, an increase of 44.2% from the previous year. Among them, domestic loan 1.1293 trillion yuan, growth 48.5%, personal mortgage loan 840.3 billion yuan, growth 116.2%.　　The two add up to 1.9696 trillion yuan, accounting for about 9.59 trillion yuan of new loans in the year 20%. The risk of overheating in the real estate market seems to be a tacit consensus among banks. "The tightening trend has started since the beginning of the year. "said the head of a Shanghai commercial bank. The bank's approach is that the review of lending to real estate companies, land qualifications and prices, the cost of taking place, will become a strict control of the screening conditions, "The king is not to be considered." "Another commercial bank in charge of corporate loans is to reporters indicative, the bank all the loan business has been tightened."　　The reason is mainly due to monetary tightening. In the first week of 2010, the market news of new credit up to $600 billion became the focus.　　Although the regulator has repeatedly said in public that this year will continue to implement a moderately loose monetary policy, but a series of suspected "tightening" of regulatory measures, or to jittery's real estate market chill. For example, in response to the recent increase in reserve requirements, the bank's corporate lenders said: "As far as our banks, many of the loans last year have not been repaid, unable to meet this year's lending requirements, so can only be suspended." "Some in the banking sector admit that the tightening of corporate lending is not a written document issued by regulators."　　But regulators ' risk control of lending operations is clearly being augmented.　　In a recent meeting of the Banking Regulatory Commission in 2010, the first economic and financial Situation analysis briefing, the Chairman of the Banking Regulatory Commission Liu said that we should pay great attention to the real estate market changes, strictly implement the relevant credit policy, strengthen the real estate loan business supervision and management and window guidance. China Minsheng Bank Real Estate Finance Division, deputy general manager and chief analyst, said: "From the new credit to reduce the situation, the real estate industry, the focus on monitoring is also understandable." ”