2024-01-26 10:26:03
On January 26, the State Administration of Financial Supervision held a meeting to deploy and promote the implementation of the urban real estate financing coordination mechanism. Li Yunze, Secretary of the Party Committee and Director of the State Administration of Financial Supervision, attended the meeting and emphasized that it is necessary to thoroughly implement the spirit of the Central Financial Work Conference, accelerate the implementation of the urban real estate financing coordination mechanism, more accurately support the reasonable financing needs of real estate projects, and promote the stable and healthy development of the real estate market. Xiao Yuanqi, member of the Party Committee and Deputy Director of the State Administration of Financial Supervision, chaired the meeting. Responsible comrades from the Central Finance Office, the Central Financial Office, and relevant departments and bureaus of the General Office of the State Council attended the meeting. The meeting was attended by principals in charge of various regulatory bureaus and some regulatory sub-bureaus of the State Administration of Financial Supervision, as well as national commercial banks, city commercial banks, provincial rural credit cooperatives and other institutions.
The meeting pointed out that the Party Central Committee and the State Council attach great importance to the stable and healthy development of the real estate market. In early January this year, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision issued the “Notice on Establishing an Urban Real Estate Financing Coordination Mechanism,” requiring cities at all levels and above to establish an urban real estate financing coordination mechanism. The coordination mechanism is an important measure to implement the decisions and arrangements of the Central Financial Work Conference, to meet the reasonable financing needs of real estate enterprises of different ownerships equally, and to promote a virtuous cycle of finance and real estate.
The meeting believed that the coordination mechanism should give full play to the leading and coordinating role of local governments, strengthen work coordination, refine policies and measures, and promote accurate docking of real estate development companies and financial institutions. In accordance with the principle of fairness and justice, a list of real estate projects that can be provided with financing support must be screened and forwarded to financial institutions within the administrative region. It is necessary to strengthen information sharing and provide relevant financial institutions with information on project construction and operation, pre-sale fund supervision and other information in a timely manner. It is necessary to guide financial institutions and real estate development enterprises to negotiate on an equal footing, make independent decisions and implement them in accordance with the principles of marketization and rule of law, and protect the legitimate rights and interests of financial institutions.
The meeting emphasized that financial institutions should attach great importance to it, strengthen organizational leadership, establish internal mechanisms, and clarify working rules. For projects that meet the credit conditions, it is necessary to establish a green channel for credit, optimize the approval process, shorten the approval time, and actively meet reasonable financing needs. For projects that encounter temporary difficulties in development and construction but can basically balance the funds, we will not blindly withdraw, cut off or suppress loans, but provide support through extension of existing loans, adjustment of repayment arrangements, and new loans. At the same time, financial institutions must strengthen closed management of funds and strictly prevent credit funds from being misappropriated.
The meeting required that all regulatory bureaus should actively participate in the coordination mechanism, actively cooperate with local governments and housing construction departments, carry out relevant work in a steady and orderly manner, jointly promote the implementation of the coordination mechanism and promote the stable and healthy development of the real estate market.
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(Source of article: State Financial Supervision and Administration Bureau)
Source of article: State Financial Supervision and Administration Bureau
Original title: The State Administration of Financial Supervision held a meeting to deploy and implement work related to the urban real estate financing coordination mechanism
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