With the news that the financial regulatory authorities plan to expand the white list of financing for real estate companies, real estate stocks once again rose across the board.
Following the general rise in real estate stocks on November 6 due to the introduction of favorable policies, the real estate sector once again rose across the board on November 21.After the market opened in the morning, several real estate stocks in Hong Kong and A-shares rose sharply, such asSunac ChinaRongsheng,Jingrui Holdings,new town development,Greenland Hong Kongwait.
As for Hong Kong stocks, in the morningSunac ChinaLeading the gains, with the highest increase reaching 24.5%.Jingrui HoldingsAn increase of 16.67%,new town developmentAn increase of 10.32%, Xuhui Holdings,Longfor Group,China EvergrandeMany stocks once rose by more than 10%. also,Agile Group,Shimao Group,Country GardenZhongjun Holdings,Powerlong Real EstateWait for the increase to be higher.
A sharesreal estate developmentThere are also many stocks in the sector that have reached their daily limit, such asDalong Real Estate,Impression of Sanxiang,Shen Zhenye Await. period,Prosperous developmentThe increase increased by 10.27%,Jinke sharesThe increase reached 10.13%,Vanke AAn increase of nearly 5% and so on.
Until the afternoon close, the gains in real estate stocks continued.Prosperous developmentAn increase of 10.27%, with a quotation of 2.04 yuan/share;Jinke sharesAn increase of 10.13%, and the stock price is 1.74 yuan/share;Dalong Real Estaterose 9.97% to 3.97 yuan/share.Xincheng Holdingsrose 5.22%,Wolong Real Estateup 4.91%,Huafa sharesrose 3.69%, Gemdale rose 3.51%, etc.
As for the Hong Kong real estate sector, as of press time,Jingrui Holdingsrose 16.67%,Sunac ChinaAn increase of 15.88%,new town developmentrose 9.52%,Zhongliang Holdingsrose 7.02%, Agile rose 6.17%, CIFI Holdings rose 6.00%,Ocean Grouprose 5.95%, Zhongjun Group rose 5.62%, etc.
In the past month, real estate stocks have been able to rise twice in the red, both of which are related to the good news released at the financial level.
The sharp rise in real estate stocks in early November was mainly due to the central financial work conference held at the end of October, which clearly stated that it is necessary to improve the supervision system and capital supervision of real estate enterprises, improve the macro-prudential management of real estate finance, and “treat all persons equally” to meet the reasonable financing needs of real estate enterprises of different ownerships. .
This time the real estate stocks are booming across the board and are no exception.According to Caixin reports, regulatory agencies are drafting a white list of Chinese real estate developers and require the financial system to have “three no less thanbankThe industry’s average real estate growth rate, the growth rate of corporate loans to non-state-owned real estate enterprises is not lower than the bank’s real estate growth rate, and the growth rate of personal mortgages to non-state-owned real estate enterprises is not lower than the bank’s mortgage growth rate.
This white list, which has not yet been finalized, is for reference by financial institutions. A total of 50 state-owned and private real estate companies are included in the list. The listed companies will receive benefits including:creditdebt and equity financing and other aspects of support, but this does not mean thatbankOther institutions have mandatory requirements. However, this list has expanded from the list of “high-quality housing companies” at the beginning of this year.
Jiemian News learned from people familiar with the matter that real estate companies such as Longfor, Vanke, Xincheng Development, and CIFI Holdings are all on the list, or are based on 50 large-scale real estate companies. This means that the scope of financing support will be expanded to insurance companies.
For the capital market, the positive signals are also more obvious, which is expected to improve the current long-lasting decline in the real estate market.
Li Yujia, deputy director of the Guangdong Provincial Housing Policy Research Center, believes that the background of the “white list” lies in the highlights. First, risks are spreading, which has endangered private and state-owned enterprises that are operating steadily; second,bankBased on general risk concerns, rather than on the ability of real estate companies to balance funds for specific projects, companies that have rumors of risk outbreaks will not grant loans, or even withdraw loans.
The proposal of “three no less than” will help block the chain of risk transmission, especially for companies on the verge of default. It is based on this that the real estate sector of the capital market rose today.
Last Friday (November 17), the People’s Bank of China, the State Administration of Financial Supervision, and the China Securities Regulatory Commission jointly held a symposium on financial institutions and once again reiterated the need to “treat all persons equally” to meet the reasonable financing needs of real estate companies of different ownerships, and to “treat all real estate companies operating normally” Don’t hesitate to lend, withdraw loans, and cut off loans.”
It is said that the meeting requires financial institutions to provide financing growth rate for private real estate enterprises not lower than the average financing growth rate of the entire real estate industry.
If these financing benefits are implemented in the future, it will be good news for the entire real estate market.
According to data from CRIC, in the first ten months of this year, the cumulative financing amount of 80 typical real estate companies was 512.758 billion yuan, a year-on-year decrease of 23.48%. The scale of financing continued to decline, and the financing surface was still weak, which urgently needs to be reversed.
Data shows that in the first ten months of this year,real estate developmentThe funds disbursed by enterprises reached 10.73 trillion yuan, a year-on-year decrease of 13.8%, a record high for the year. Among them, the declines in domestic loans and self-raised funds were 11.0% and 21.4% respectively. Financing conditions in the real estate industry have not improved.
Judging from the current situation and market confidence, financing improvement is one of the most urgent situations that need improvement at the moment. This can also explain why the stock market rose significantly after being affected by the good financing news.
In addition, Sunac China took 18 months to finally complete the domestic and overseasReorganizationwith a scale of 90 billion yuan, which also has certain reference significance for the debt restructuring of other insured real estate companies.
Since the second half of this year, although the real estate market has introduced a number of nationwide strong support policies, the market feedback has not been as expected, and transaction volume has not recovered significantly. By November, the overall sales market even began to decline, and market confidence urgently needed to be reversed.
If financial institutions’ support for real estate companies can be implemented as soon as possible, it will help improve the financial situation of real estate companies, and the positive signals will also be transmitted to the sales market, land market, etc., forming a virtuous cycle.
(Article source: Jiemian News)
Article source: Jiemian News
Original title: The financial regulatory authorities plan to expand the “white list” for financing of real estate companies, and real estate stocks will rise again.
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