Source: Finance Association
① What is the real estate financing coordination mechanism? ② What benefits have been reported in the real estate market recently?
Benefiting from recent favorable market conditions, Hong Kong stock real estate continued to be strong yesterday. As of press release,$ZHONGLIANG HLDG (02772.HK)$,$CIFI HOLD GP (00884.HK)$,$SUNAC (01918.HK)$,$SINO-OCEAN GP (03377.HK)$They rose 9.52%, 5.6%, 4.17%, and 3.85%, respectively.
In terms of news, by the end of March, commercial banks had completed the review of all the first batch of “white list” projects promoted by the real estate financing coordination mechanism. Of these, the number of approved projects exceeded 2,100, with a total amount exceeding 520 billion yuan. Some unqualified projects had been fed back to the coordination mechanism.
Regarding the real estate financing coordination mechanism mentioned above, as Tianfeng Securities pointed out earlier, the prefecture-level municipal government is responsible for establishing this mechanism, which provides financial support through the formulation of a “project white list” and based on this. The main purpose of this mechanism is to ensure that real estate projects can be successfully completed and delivered to buyers. Furthermore, the mechanism distinguishes between project risk and enterprise risk.
Continued optimization of the Provident Fund loan policy
In addition to the benefits of the white list, recently, Chengdu, Anhui Huaibei, Jilin and other places introduced policies to optimize provident fund loans, involving increases in loan amounts for families with many children.
Among them, from April 12 to 18, the Chengdu Provident Fund Center solicited comments from the public to increase the loan amount for the first home for families with many children, up to 900,000 yuan. Huaibei, Anhui implemented a new policy on the use of housing provident funds on April 15 to increase the amount of housing provident fund loans. Among them, the Huaibei Provident Fund Center stated that if employees meet the requirements of families with many children, the maximum loan limit will rise at the same time, and the maximum loan amount can be loaned at the same time, up to 840,000 yuan.
According to incomplete statistics from the China Index, as of April 15, all regions had introduced more than 70 provident fund related policies in 2024, accounting for more than 40% of the total frequency of local policies. Since April, 12 cities have introduced 13 provident fund policies. According to previous statistics, as of March 12, all regions had introduced more than 40 policies related to the Provident Fund in 2024.
In response, Chen Wenjing, director of market research at the China Index Research Institute, pointed out that since this year, the central government and regulatory authorities have frequently sent positive signals. The “Report on the Work of the Government” of the two sessions and the March 22 National Assembly both emphasized the need to optimize real estate policies. Minister Ni Hong of the Ministry of Housing and Construction proposed “city governments should make good use of their autonomy in regulation and control” at the press conference on people's livelihood. Recently, various regions have also responded positively and implemented the spirit of the Central Conference.
edit/lambor