To land developers will ban loans

Recently, the People's Bank of China Shanghai headquarters issued the "2010 Shanghai Municipal Credit guidelines," said the company will be around moderately loose monetary policy and the holding of credit policies to strengthen window guidance and policy coordination. The guidelines also pointed out that the existence of land hoarding, speculation, covering the reluctant and other violations of the law and discipline of the real estate development enterprises, may not be issued new loans, already have loans to take prompt measures to protect.　　In addition, the Central bank has asked financial institutions to pay close attention to the potential risks of loans from land-reserve institutions and non-real estate businesses entering real estate conglomerates. This year's guideline divides credit investment into three categories (tilt, support, prudence and Prohibition) 11. The inclination of credit is listed as the economic and social weakness and strategic industry, including agriculture, finance, livelihood finance and green finance.　　The credit-support category lists the areas that need to be actively supported, including four key industries and emerging industries, small and medium-sized Enterprises, consumer finance and cultural finance, major projects and "two centres". In the area of real estate credit, the guidelines require financial institutions to resolutely implement differentiated housing credit policies. On the one hand, we will continue to increase credit support to eligible ordinary commodity housing, limit commodity housing, public rental housing, affordable housing, low-rent housing, urban and state-owned mining shanty towns and large residential communities, and actively support the construction of affordable housing projects, supporting the construction of residential areas supporting roads and public transport hubs. On the other hand, we should earnestly implement the state's measures to curb the excessive rise in housing prices in some cities, implement more stringent differential housing credit policies, and curb the demand for speculative buying. For real estate development loans, the guidelines require strict loan conditions, strictly prohibit the project capital shortage, "four card" irregular real estate enterprises or projects to issue loans.