China is taking another step to save real estate companies. Bloomberg quoted sources as saying that Chinese regulators are drafting areal estateA “white list” of 50 state-owned and private real estate companies was launched to increase support for these real estate companies.financing,
People familiar with the matter pointed out that real estate companies in this “white list” will receive support from various aspects, including credit, debt and equity financing, but this does not mean that there are strict requirements for banks and other institutions.
Last Friday, the People’s Bank of ChinaCentral bank), the State Administration of Financial Supervision, the China Securities Regulatory Commission and other three ministries held a symposium on financial institutions to ensure the financing support of financial institutions for the real estate industry.
The above meeting emphasized the need to equally meet the reasonable financing needs of various real estate companies, and not hesitate to extend loans, withdraw loans or cut loans to real estate companies operating normally. should go. Also, the meeting called for the continued use of the “second arrow” to support private housing companies in bond issuance and financing and to support real estate companies in the proper conduct of equity financing through the capital market.
People familiar with the matter said that the above meeting also required financial institutions to provide financing growth for private real estate companies at a rate lower than the average financing growth rate for the entire real estate industry.
Bloomberg reported that this “white list” expands from the scope of systemically important high-quality real estate companies introduced earlier this year, which includes Cezanne Development, Vanke and Longfor Real Estate.
However, the People’s Bank of China, the State Administration of Financial Supervision, Longfor and Xincheng have not yet commented, and Vanke also declined to comment.
China (TagstoTranslate) Financing (T) Real Estate (T) Central Bank