Politics and Economics Tan | The China Securities Regulatory Commission will adhere to “one company, one policy” to resolve the bond default risk of large real estate companies – Guanguan.com

The central bank and other three departments: Increase financial support for guaranteed housing and accelerate the supply-side reform of real estate finance

On 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 to study recent key tasks such as real estate finance, credit extension, and financing platform debt risk resolution. Regarding real estate, the meeting emphasized that all financial institutions should treat all real estate enterprises equally and meet the reasonable financing needs of real estate enterprises of different ownerships, and they should not hesitate to lend, withdraw loans, or cut off loans to real estate enterprises operating normally.

The meeting held that the next step is to strengthen confidence, continue to exert efforts, and achieve long-term results, continue to increase policy implementation and work advancement, and persevere to create a good monetary and financial environment. It is necessary to implement the requirements of cross-cyclical and counter-cyclical adjustments, focus on strengthening the balanced supply of credit, and coordinate the supply of credit in the last two months of this year and the beginning of next year, so as to promote the stable growth of our country’s economy with the stability of credit growth. It is necessary to optimize the capital supply structure, revitalize existing financial resources, increase financial support for major strategies, key areas and weak links, and enhance the sustainability of financial support for the real economy.

The meeting emphasized that we should continue to make good use of the “second arrow” to support private real estate companies in bond issuance and financing. Support real estate companies to raise reasonable equity financing through the capital market. It is necessary to continue to cooperate with local governments and relevant departments, adhere to the principles of marketization and rule of law, increase financial support for guaranteed delivery of buildings, and promote industry mergers and acquisitions and reorganizations. It is necessary to actively serve the construction of the “three major projects” such as affordable housing, accelerate the supply-side reform of real estate finance, and promote the construction of a new model of real estate development.

The meeting required that the financial sector should adhere to the principles of marketization and rule of law, cooperate with local governments to steadily resolve the existing stock, and strictly control new additions. Financial institutions must improve their working mechanisms, highlight key points, implement classified policies, conduct equal consultations with financing platforms, and reasonably reduce debt costs and optimize term structures through extensions, borrowing new loans, repaying old ones, and replacements, so as to ensure the implementation of financial support for local debt risk resolution. Fall fine.

It is reported that the China Securities Regulatory Commission will adhere to the “one company, one policy” to resolve the bond default risk of large real estate companies

According to a comprehensive report on November 19, the China Securities Regulatory Commission will next implement the deployment requirements of the Central Financial Work Conference, actively support the steady prevention and resolution of risks for large real estate companies, provide reasonable financing support and financing supervision for real estate companies, and support and promote the stable and healthy development of the real estate industry.

It is also reported that in terms of properly handling risks related to real estate companies and investigating and punishing violations, the China Securities Regulatory Commission will adhere to the “one company, one policy” to resolve the bond default risks of large real estate companies, continue to deal with the concentrated delisting of listed real estate companies, and ensure that “the company can withdraw from the market.” , Retreat steadily.”

In addition, we will strictly investigate and punish listed real estate companies, debt-issuing real estate companies, financial fraud, false information disclosure, and relevant intermediary agencies’ failure to perform their duties and other illegal activities.

Previously, on 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.

The meeting emphasized that all financial institutions should treat all real estate companies with different ownerships equally and meet the reasonable financing needs of real estate companies of different ownerships, and they should not hesitate to lend, withdraw loans, or cut off loans to real estate companies that are operating normally. Continue to make good use of the “second arrow” to support private real estate companies in bond issuance and financing. Support real estate companies to raise reasonable equity financing through the capital market.

It is necessary to continue to cooperate with local governments and relevant departments, adhere to the principles of marketization and rule of law, increase financial support for guaranteed delivery of buildings, and promote industry mergers and acquisitions and reorganizations. It is necessary to actively serve the construction of the “three major projects” such as affordable housing, accelerate the supply-side reform of real estate finance, and promote the construction of a new model of real estate development.

Qingdao: Expand the scope of stable residence and settle in rental housing throughout the city

“Qingdao Release” News on November 18, Qingdao Municipal People’s Government recently issued a notice on further deepening the reform of the household registration system.

Among them, the “Notice” clarifies that the scope of talent settlement will be further expanded. If the conditions are met, the individual and his close relatives can apply for settlement in houses with legal property rights, close relative family households, unit collective households, talent collective households, and community collective households.

In addition, in terms of residential settlement, the first is to expand the range of housing types that can be settled, from residential properties with property rights to properties with legal property rights. Houses with legal property rights include houses for which property ownership has been processed and houses for which the housing transfer contract has been signed and filed online but the real estate certificate has not yet been processed. Houses registered in property certificates for commercial and residential use are being expanded this time. Household registration will not be applied for garages, factories, warehouses, etc. that do not comply with laws and regulations regarding the residence or settlement of persons.

The second is to expand the scope of stable residence and settlement. Stable residence has been expanded from urban areas (Huangdao District, Chengyang District, Jimo District) to the whole city. People who live in urban rental houses and handle rental contract filing and residence registration, applicants and spouses If there is no house with legal property rights in this city, during the rental period, you and your close relatives can apply to settle in other close relative households in the city or in the collective household of the urban community where the rented house is located.

Xichang, Sichuan: Implementing the “recognize the house but not the loan” policy, families with multiple children will be given a subsidy of 200 yuan/square meter based on the building area.

Recently, Xichang City, Sichuan Province issued the “Notice of Xichang Real Estate Affairs Center on Public Solicitation of Opinions on Xichang City’s Ten Measures to Promote the Stable and Healthy Development of the Real Estate Market (Draft for Comments)” to solicit opinions from the public.

The draft opinion proposes to provide housing purchase subsidies to special groups. Subsidies will be provided to families with rural household registration, newly settled urban residents in Xichang City who have been purchasing houses for less than 3 years, veterans, survivors of martyrs, and survivors of personnel who died in the line of duty, who purchase newly built commercial housing in Xichang City within one year from the date of issuance of this notice. . For those who purchase their first home, a single household will be given a subsidy of 300 yuan/square meter based on the construction area (the maximum subsidy shall not exceed 30,000 yuan); for those who purchase a second home, a single household will be given a subsidy of 200 yuan/square meter based on the construction area ( The maximum subsidy shall not exceed 20,000 yuan).

Provide housing purchase subsidies to families with multiple children. For families with two or three children who comply with the policy and purchase new commercial housing in Xichang City within one year from the date of issuance of the notice, a subsidy of 200 yuan/square meter will be given to each household based on the construction area (the maximum subsidy shall not exceed 2 million).

The draft also proposes to optimize the provident fund loan policy and increase the multiple linking the provident fund loan limit with the deposit balance from 20 times to 25 times. The standard for determining the number of housing units for loans is “recognize the house but not the loan”.

Implement the housing provident fund withdrawal and loan policy. When employees who contribute to the housing provident fund in Liangshan Prefecture purchase an ordinary self-occupied house in Xichang City, within one year after paying the down payment and signing the house sales and registration contract (the second-hand house has completed the transfer procedures), they comply with the withdrawal and loan policy and can withdraw first. The balance in the housing provident fund account of the employee and his or her spouse does not exceed 10% of the total house price before applying for a personal housing provident fund loan.

In addition, Xichang City also plans to increase the amount of housing provident fund loans for first-time buyers. When dual-payment deposit employees purchase their first ordinary self-occupied house in Xichang City, the housing provident fund loan limit is raised to 800,000 yuan.

Optimize the standards for identifying the number of household housing units. If a family with multiple children (including 2 or more children) takes a commercial loan to purchase a third home, it will be deemed as a second home.

Beihai, Guangxi: If you purchase a new commercial housing before the end of March 2024, you can withdraw the provident fund to pay the down payment

On November 17, Guangxi Beihai Municipal Housing Provident Fund Management Center issued the “Notice of Beihai Municipal Housing and Urban-Rural Development Bureau on matters related to the down payment of housing provident fund when purchasing new pre-sale commercial housing.”

The “Notice” stated that between October 31, 2023 and March 31, 2024, Beihai City Housing Provident Fund depositors and their spouses purchased new pre-sale commercial housing in Beihai City (subject to the time of signing the online contract) and Those who meet the conditions for withdrawing the housing provident fund for purchasing a house can apply to the Beihai Municipal Housing Provident Fund Management Center to withdraw the housing provident fund, and entrust the Beihai Provident Fund Center to transfer the withdrawal funds to the pre-sale fund supervision account of the real estate development enterprise for the down payment.

The “Notice” will be implemented from the date of issuance and will be valid until March 31, 2024.

Hubei Ezhou: The housing provident fund loan limit will be increased by 20% in stages to support group purchases of commercial housing.

On November 18, according to the official website of the Ezhou Municipal Housing and Urban-Rural Development Bureau of Hubei Province, the Ezhou Municipal Housing and Urban-Rural Development Bureau, the Natural Resources and Planning Bureau, and the Housing Provident Fund Center jointly issued the “Notice on Further Promoting the Stable and Healthy Development of the City’s Real Estate Market” ” (referred to as the “Notice”).

The “Notice” proposes to adjust the housing provident fund loan limit in stages. From October 31, 2023 to October 31, 2024, if employees who contribute to the housing provident fund purchase a new ordinary self-occupied house in Ezhou City (excluding business-to-public transfer), the loan limit can be increased by 20% based on the current loan limit of the employee’s family. , and at the same time does not exceed the maximum loan amount of Ezhou City provident fund loan (that is, the maximum loan amount for a first home loan is 600,000 yuan, and the maximum loan amount for a second home loan is 500,000 yuan). The loan limit increase policy does not overlap with other housing provident fund loan increase policies.

At the same time, household registration restrictions for provident fund loans will be further relaxed. Within the scope of Hubei Province and the “Cooperation Convention on the Housing Provident Fund Management Center of the Middle Reaches of the Yangtze River City Group”, deposit-paying employees in the middle reaches of the Yangtze River City Circle, when applying for a provident fund loan to purchase a new house in Ezhou City, will no longer review whether the borrower has a household registration in Ezhou City , other off-site loan conditions and processing procedures remain unchanged.

The “Notice” also proposes to support group purchases of commercial housing. Encourage development companies to provide housing purchase discounts, support scientific research institutions, industrial parks, colleges and universities, enterprises and institutions, and other units to focus on group purchases of commercial housing to solve the housing problem of employees. Encourage localities and enterprises to centrally arrange employee housing through group purchases of existing commercial housing. Support state-owned enterprises to purchase commercial housing in groups as affordable rental housing, talent housing and resettlement housing to solve the housing difficulties of the masses.

In addition, the housing expropriation and resettlement policy should be optimized. In principle, the city will no longer build new resettlement houses, and adopt methods such as monetization, room tickets, and group purchases of commercial housing.

Optimize the standards for determining the number of household housing loans. Banking financial institutions consider the second home purchased by a family with multiple children to be the first home when purchasing a home loan.

Guangzhou Nansha promotes the development of climate investment and financing: carrying out climate loans, establishing climate funds, etc.

On November 17, the 2023 Pearl Bay International Climate Investment and Financing Conference opened in Nansha, Guangzhou. At the meeting, “Several Measures to Promote the Development of Climate Investment and Financing in Guangzhou Nansha New Area” was released.

It is understood that “Several Measures” announced ten specific measures taken by Guangzhou Nansha New District to promote the development of climate investment and financing.

These include: supporting the gathering of climate investment and financing institutions, project storage, climate loans, issuance of ESG bonds, establishment of climate funds, allocation of climate insurance, innovation platform construction, standard formulation, product innovation and skills improvement.

It is expected that these ten measures will further accelerate the concentration of climate investment and financing-related institutions, funds and talents in Nansha New Area, and better empower the green and high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area.

Hainan: Strengthen international cooperation in the digital field and cultivate new digital economy formats

On November 17, the Standing Committee of the Hainan Provincial Party Committee held a meeting to study and deploy the development of digital economy and grassroots governance in Hainan Province.

It is understood that the meeting pointed out that we must thoroughly understand General Secretary Xi Jinping’s important thoughts on strengthening and improving ethnic work, unswervingly regard building a strong sense of the Chinese nation community as the main line of the party’s ethnic work and all work in ethnic areas, and do a good job Regarding rectification work, we will make up for the shortcomings in the development of ethnic areas, integrate ethnic work into the overall construction of the free trade port, and create a Hainan model for the comprehensive revitalization of ethnic villages and common prosperity in the process of modernization.

The meeting conveyed the important spirit of studying the video speech delivered by General Secretary Xi Jinping to the opening ceremony of the Wuzhen Summit of the World Internet Conference 2023, pointing out the need to strengthen international cooperation in the digital field, seize the “new track” of the digital economy, and cultivate new formats of the digital economy. It is necessary to make good use of all resources and strength to more effectively publicize the Hainan Free Trade Port policy, tell the story of Hainan’s high-quality development more vividly, and attract enterprises to invest and start business in Qiong. It is necessary to speed up the construction of “Smart Hainan” and build a strong network security barrier.

The meeting requested that the congratulatory letter from General Secretary Xi Jinping to the 70th anniversary of the founding of the All-China Federation of Industry and Commerce and the spirit of the 70th anniversary celebration meeting of the All-China Federation of Industry and Commerce should be widely publicized in the private economic field of the province, and the majority of private economic people should be guided to consciously use the Party’s innovative theory to build soul. It is necessary to serve the high-quality development of private enterprises and guide them to implement new development concepts. We must adhere to political construction, unite to establish the association, serve the association, reform and strengthen the association, and strengthen the construction of the Federation of Industry and Commerce itself.

The meeting pointed out that we must deeply understand the significance of upholding and developing the “Maple Bridge Experience” in the new era, adhere to and implement the party’s mass line, mobilize the masses, organize the masses, and rely on the masses. We should focus on source control and solidly promote the Hainan practice of the “Maple Bridge Experience” in the new era. It is necessary to take the satisfaction of the masses as the fundamental evaluation criterion and build a grassroots governance structure in which the party and the masses are linked and multi-party participation is co-constructed, co-governed and shared.

The meeting studied our province’s implementation of the spiritual opinions of the Central Financial Work Conference, and pointed out that we must uphold and strengthen the party’s overall leadership over financial work, promote high-quality financial development, coordinate financial development and security, and make Hainan’s contribution to the construction of a financial power.

The meeting emphasized that it is necessary to fully implement the spirit of a series of important instructions issued by General Secretary Xi Jinping on promoting the comprehensive revitalization of Northeast China in the new era in light of Hainan’s actual conditions, firmly grasp the primary task of high-quality development, and be effective in serving and integrating into the new development pattern. Greater achievements. It is necessary to cultivate new driving forces for development, adhere to the principle of ecological province-building, solidly promote the construction of talent teams, and continue to optimize the business environment. It is necessary to adhere to party building to lead the construction of free trade ports and strengthen the building of cadres’ work style and capabilities.