China Banking Regulatory Commission said it would continue to supervise and guide the effective grasp of banking institutions on the basis of risk continue to increase credit support affordable housing efforts.
2011, the millions of units of affordable housing construction starts soon, according to the Ministry of Housing and Urban estimates that 10 million sets of the protection of housing construction funds will exceed 1.3 trillion yuan. Compared with the huge demand for funds, the bank of insufficient credit support.
1 12 January, data released by China Banking Regulatory Commission, as of the end of 2010, 11, major banking institutions for affordable housing development loan balance of 75.1 billion, an increase of 32%, higher than all the real estate development loans increased 8 percent.
However, the CBRC head 12, that the credit support protection of housing construction has just begun, for now small, but the growth rate is very high, and space for future growth of this business is large, will continue to guide financial institutions to increase credit support for affordable housing.
CDB Nance
According to our reporter was informed, engineering, agriculture, in construction, delivery and the CDB is to provide affordable housing development loans of major financial institutions, which the CDB is the largest. As of the end of 2010, the State Development Bank, the cumulative construction of affordable housing loans issued 145.5 billion yuan, covering 29 provinces (autonomous regions and municipalities), to benefit 2.04 million, 6.89 million in low-income people.
CDB relevant responsible person said, in 2011, the bank arranged the scale of affordable housing in new loans reached 1,000 billion yuan, play long-term investment and financing and the for the protection of housing construction to provide strong financial support.
2010 end of the year, ICBC, CCB and Bank of the protection of housing loans was 14.428 billion yuan, 11.325 billion yuan, 17.35 billion yuan. The Agricultural Bank of China has been since 2008, the cumulative distribution of various types of housing development loans, 12.6 billion to support more than 160 projects.
CBRC official pointed out that inhibition of speculative investment in housing demand, increasing affordable housing and small and medium size housing supply is the current real estate macro control of the two focus points. The future, the CBRC will continue to supervise and guide the effective grasp of banking institutions on the basis of risk continue to increase credit support affordable housing efforts.
doubt on Sustainable Development
While credit support to affordable housing construction has been started, but the banks are faced with the lack of risk mitigation, payment protection and other issues difficult to implement.
As the special nature of affordable housing, including low-cost rental housing than the market rents, sale of public rental housing can not be other issues, this part of the development loans cash flow difficulties.
However, the CBRC official pointed out that the business of the non-performing loan rate is not high. The Bank, for example, the bank of affordable housing loans in 2010 amounted to 2.79 million non-performing loans, non-performing rate of only 0.02%.
a relevant person in charge of state-owned banks, said affordable housing grant for the implementation of development loans list system management to ensure the development of the main for the strength, the larger real estate developers. Affordable housing loans in order to ensure the sustainability of development, industry analysts believe that construction of the repayment mechanism is more important to ensure that the Government should have a certain guarantee, the policy should also support reasonable measures to fully play the role of financial resources, to Bank's credit policy of a certain security, but also the Ministry of Finance, the Ministry of housing construction, the central bank, China Banking Regulatory Commission and other ministries through consultation.
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