2023-06-27 10:09:25
The Central Bank and the Financial Regulatory Commission have joined forces to crack down on real estate speculation, and banks are restricting cash flows. However, people still have a rigid demand for housing. According to the Financial Supervisory Commission announced today (27) that the Bank of China’s real estate loans accounted for 26.42% of the total loans at the end of May. Monthly and four-year bottoms have risen slightly, including housing loans and civil engineering integration, a single-month loan increase of nearly 70 billion yuan. The central bank further imposed a 70% loan limit order for some second-home buyers in June. It remains to be seen whether it will affect real estate loans in June.
The rigid demand for house purchase is still there! China Bank’s real estate loans increased by nearly 70 billion yuan in May.File photo: Central News Agency
The Financial Supervisory Commission announced today the Bank of China’s real estate loan situation at the end of May. Among them, the balance of housing purchases for self-use and construction financing was 9.4537 trillion yuan and 3.5609 billion yuan, an increase of 4.51% and 8.47% year-on-year. Tong Zhengzhang, deputy director of the Banking Bureau, said that these two growth figures have been shrinking since the peak of 110 yuan in June and January in the Republic of China, and both hit the lowest point.
Tong Zhengzhang said that the National Bank of China’s mortgage and civil engineering financing has continued to shrink, which has an effect on the government’s sound real estate policy. The central bank’s interest rate hikes have made people less willing to buy houses and loans, and the recent inflation has caused the price of building materials to rise.
As for the balance of housing purchases and civil construction financing in May, the balance increased by 55.1 billion yuan and 14.2 billion yuan respectively compared with the end of April, with a total increase of 69.3 billion yuan. However, Tong Zhengzhang believes that there is no obvious change. The people still have a basic need to buy houses. The FSC hopes to guide banks to allocate funds to people who actually need to buy houses. This growth figure is not abnormal.
China Bank Real Estate’s loan ratio rose slightly to 26.42%, higher than that at the end of April
The proportion of Bank of China’s real estate loans has hit a new low this year, and it was 26.22% at the end of April, setting a new low record in nearly four years since May 2019. However, it rebounded slightly to 26.42% in May, still lower than January 109 time level.
According to Article 72-2 of the “Banking Law”, banks must not exceed 30% of mortgage and construction financing. The Banking Bureau of the Financial Supervisory Commission recently announced that only one company “stepped on the edge of the red line”, and the lending rate was still above 28-29%. 29 % above zero, which is much improved compared to previous years, and there are 14 companies with above 27%.
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Ye Yiru, Special Correspondent of Yahoo Finance: 22 years of experience in financial mainstream media, from the bubble of Web1.0 in 2000 to Web3.0 of the Meta universe, witnessed the history of the rise and fall of large and small business groups in Taiwan, and experienced five international financial crises. Think that finance is life, omnipresent, no matter how difficult financial management knowledge should be explained in a simple way. No matter you are young or old, you should manage money. If you don’t manage money, money will ignore you.
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