Real estate preferential policies to cancel the financial squeeze

The China Banking Regulatory Commission recently issued a notice on strengthening the supervision over the trust business of Real Estate Trusts (hereinafter referred to as "notice"), which requires further standardizing trust companies to carry out real estate trust business, guarding against the risks of real estate trusts, and enhancing the risk prevention awareness and risk control ability of trust companies.　　"The notice" also cancels 2009 years to give the real estate trust "preferential" policy, "four card" complete again becomes the housing enterprise obtains the Trust loan "the iron threshold". In fact, the real estate Trust has been strict demands on its investment in real estate projects need ' four certificates ' taste. Only in the 2009-year housing market downturn, the policy was slightly loosened. This time just the original loose caliber to tighten again.　　"The head of a Shanghai private-equity real estate fund told reporters. In accordance with article III of the notice, stop the implementation of the China Banking Regulatory Commission on the support of the company's innovation and development of the relevant issues of the notice (bank Regulation (2009]25) Tenth of some real estate development projects in the exception of loans, trust companies to issue loans to the real estate development project must meet the "four　　The developer or its controlling shareholder has two grade qualification, the project capital ratio meets the national minimum requirement and so on. Press inspection of the 2009 CBRC 25th, found that its tenth statement is: The Trust Company can only obtain "three certificates" of real estate development projects to issue trust loans, the condition is the trust company in the last year 2 C-Class (including), operating a sound, risk management level of good real estate development projects. "Three certificates" refers to the state-owned land use certificate, the construction land planning permit, the construction project planning permit, the lack of "four certificates" in the construction work permit.　　In other words, in 2009, the development project can also apply for a trust loan without obtaining a construction permit.　　In addition, the notice also requires that a trust company shall not issue land reserve loans to the borrower, that is, loans to borrowers for land acquisition and land development and consolidation. "When the market was bad last year, many policies were loose," he said. But since the end of last year, the property market policy has been tightened, especially in real estate finance. Trust is only one link, from the Public company financing to development and personal loans, the overall tightening of real estate finance will have a significant impact on the first half of the property market.　　"Bank of Communications Shanghai, a branch of the senior said. According to a senior Beijing real estate industry, a number of real estate listed companies in Beijing's refinancing program was halted or shelved, the banking system of real estate development loans are almost "frozen." Loans, a number of banks to tighten the first suite of 70 percent discount rate.　　The Bank of communications, which had been said to be able to give a 70 percent discount to the first suite, recently released news that the policy was largely cancelled after the spring Festival and was able to apply for 1% of the total number of clients with 70 percent interest rates. The credit crunch has affected real estate market turnover. Scherkingshon, a Chinese analyst, told reporters that some of the Shanghai property buyers are willing to withdraw the situation, the main reason is the previous commitment to the loan scheme can not be achieved. "If a home buyer's preferential loan scheme is rejected, they may stillHave the ability to pay for the housing, but because of the changes in the policy may lead to price declines, some buyers may unsubscribe. "Beijing Zhongyuan Real Estate general manager Li Wenjie said."