Xinhua Trust Real Estate Trust 12.7 billion industry refers to help developers to collect pre-sale money

Regulation of the product structure under high pressure in the afternoon news of November 24, media reports today, Xinhua Trust launched the real Estate Trust new products sold in disguise, the product leader today to Sina Finance said that the issue has ended.　　According to statistics, as of last week, Xinhua Trust Real Estate Trust products amounted to 12.7 billion, under the supervision of high pressure, the company urgently needs to adjust the product business structure. Help developers to advance the "advance payment", Xinhua Trust to set up a new real estate trust products, and launched a new way of investment income, that is, "buy discount right." "There have been similar products before, but this year this one."　　Industry personage discloses to Sina Finance and economics. According to the agreement, the above product promotion period is 30 days (November 18 December 17), Xinhua trust the product business manager said today to Sina Finance, "the issue is over."　　But he declined to disclose the amount collected and other details. Xinhua Trust Official Website Information shows that after the expiration of the product investors according to the subscription amount of the difference can enjoy 10% and 13% of the proceeds.　　And its difference is that, if the investor exercises the right to buy, then its trust funds and expected income can be directly converted to purchase money, offset the purchase amount, and can enjoy 88 percent, 86 percent concessions. Some property developers said to Sina Finance, from product design, its main target is for potential home buyers.　　Developers in the financing channels blocked, pre-sale funds under the supervision of the situation, developers through this trust products can be returned as soon as possible capital. Data show that the trust scheme is 350 million yuan, full 150 million yuan can be established for 2 years.　　This means that at least 150 million of the money is available to developers. The promotion message of "LAN Jiangshan" shows that the project is located in the north of Shenzhen Futian District Xiangmihu, a close proximity to the Xiangmihu Center and Longhua Center.　　It is currently in the construction phase, is expected to open in 2011, will sell the top luxury units. Zhongyuan Real Estate market research Zhang Dawei to Sina Financial analysis, said, "developers lack of funds, and do not want to sell, so and trust companies to cooperate with this product." "Developers expect sales to be difficult in a period of deep adjustment in the real estate market, a serious wait-and-see sentiment and blocked developers ' financing channels." "Will it become more of a choice for a trust project that can circumvent the pre-sale approval and the pre-sale supervision?" Li Yu, an analyst with Benefits Trust, said it was only an example.　　Since there are no more than 50 natural persons to buy the trust scheme, and the real estate market is now in a period of adjustment, the downward pressure on house prices will not be a majority choice. Real estate trusts account for the excessive corporate structure needs to be adjusted this year, the National Trust Company issued 497 real estate trusts, the scale of 160.1 billion yuan.　　The average earnings of these products are estimated at 8.88%, well above the 5.56% per cent benchmark rate for one-year loans over the same period. With the benefit of the statistics show that the last week, the Xinhua Trust Real Estate Trust issued real Estate Trust scale of more than 12.7 billion, ranked fifth in the entire industry. And last year the entire industry of real estate trustsThe total is only 40 billion. November 12, the Office of the CBRC issued to each trust company, "about trust companies real estate Trust business risk prompt Notice", although the CBRC's official website did not disclose the notice, but many trust companies through the media, "has suspended the new issue of real estate trusts."　　However, Li Yu, an analyst with Benefits Trust, told Sina Finance that the CBRC was merely suggesting risk and did not suspend the issue of real estate trusts, but had tightened the regulatory requirements for trust companies ' capital. "Real estate trusts account for excessive consumption of net capital, and belong to high-risk products, under the current regulatory pressure, trust companies should adjust the business structure, reduce real estate trust business."　　Li Yu said. Early next year, bank credit reopened, or will reduce the reliance on trust of real estate companies, trust companies should take the opportunity to develop Low-risk products, adjust the structure of products as soon as possible. (Ding from Beijing) with: CBRC (2010)343, China Banking Regulatory Commission, the general Office of the CBRC on Trust Company Real Estate Trust business risk tips of the Banking regulatory Bureau, the CBRC direct supervision of trust companies: Recently, trust company Real Estate Trust business growth quickly, individual trust companies to carry out this business is not prudent.　　In order to effectively implement the National Real estate control policy, further standardize the real estate trust business, improve the trust company risk Prevention awareness and risk control ability, according to the Trust Company management measures and related provisions, the Trust Company's real estate trust business risks are as follows: Trust companies should immediately to the real estate Trust business compliance risk self-examination. Analyze business compliance and risk profile by pen, whether the real estate development project that the Trust Company issued loan satisfies "four certificates" complete, the developer or its controlling shareholder has two grade qualification, the project capital proportion meets the national minimum requirement and so on; the first repayment source adequacy, reliability evaluation;　　, the project maturity repayment ability appraisal and the risk disposition plan and so on content. The CBRC should strengthen the regulatory and risk monitoring of the real estate Trust business of the trust companies, combined with this year's special investigation and stress testing, on the basis of the Trust company Self-Examination, a pen to the real estate Trust business verification, the use of credit and other ways to provide loans in disguise, to be in accordance with the principle of substance over form to be screened. self-examination and verification of the problems found, should take immediate measures to oblige the Trust company to correct, the violation of the law investigated.　　The CBRC will report the results of its verification and processing to the CBRC in writing before December 20. The CBRC should urge the Trust Company to choose the counterparty carefully in the real estate trust business, reasonably grasp the scale expansion, strengthen the trust fund use monitoring, strictly control the large housing enterprise group Long credit, the group members internal risk, actively prevent the real estate market adjustment risks.　　The CBRC will inform the CBRC of the weak implementation and hold the relevant responsibility as appropriate. The CBRC shall forward this notice to the relevant CBRC and trust companies, if there are any major problems, please report to the CBRC in time. Office of China Banking Regulatory Commission November 12, 2010