San Francisco Shanghai Headquarters: Using Property as Mortgage to Provide Funds to Buyers

San Francisco Shanghai Headquarters: Using Property as Mortgage to Provide Funds to Buyers
Sauna Night News According to the website of the People’s Bank of China Shanghai Headquarters, on April 23, the People’s Bank of China Shanghai Headquarters Shanghai Real Estate Credit Work Symposium.The meeting informed the operation of Shanghai’s real estate credit since the new coronary pneumonia epidemic, conducted research and discussion on the new situation and new issues that have emerged in the recent real estate credit market, and deployed the next phase of Shanghai’s real estate credit work.Relevant responsible comrades from the Shanghai headquarters of the People’s Bank of China participated in the meeting, and responsible comrades of 18 major commercial banks in Shanghai attended the meeting.The meeting pointed out that due to the impact of the new coronary pneumonia epidemic, the current domestic and external environment is grim and complex, and the difficulties facing economic development have intensified.The Shanghai headquarters of the People’s Bank of China earnestly implements the People’s Bank of China’s monetary and credit policies, guides commercial banks in Shanghai to use inclusive preferential funds for structural monetary policies, and strengthens financial support for the real economy, especially small and micro enterprises and private enterprises.With the precise prevention and control of the epidemic situation, enterprises resume production and the real economy develops.The meeting was held, and the budget. The Shanghai headquarters of the People ‘s Bank of China resolutely and thoroughly implemented the relevant deployment requirements of the Central Committee of the Party, the State Council and the People ‘s Bank of China to promote the stable and healthy development of the real estate market.The principle of restraint based on the policy of the city, together with the relevant management departments, actively carried out work around the goals of “stabilizing land prices, stabilizing housing prices, and stabilizing expectations”, and instructed Shanghai commercial banks to effectively restrain credit funds from illegally disposing of real estate for better results.The current Shanghai real estate market maintains “stable quantity and stable price”, basically continuing the shifting trend since 2018.The meeting demanded that in the next stage, commercial banks should continue to implement the People ‘s Bank of China ‘s credit policy without compromise and focus on the following tasks: First, to increase credit support for the resumption of production of small, medium and micro enterprises.It is necessary to provide supporting financing services to enterprises and projects in key areas affected by the epidemic, strive to reduce corporate financing costs and financial burdens, and create a good credit environment for “six stability” and “six guarantees”.The second is to adhere to the “housing, housing, and speculation” orientation, by using property as risk collateral, through personal consumption loans and operating loans, in disguise to break through the credit policy requirements, and provide funds to buyers in violation of regulations, affecting the stable and healthy development of the real estate market.The third is to encourage commercial banks to launch customized financial products and exclusive financial service programs, and actively provide financial support for national strategies such as the construction of Shanghai International Financial Center, the integration and development of the Yangtze River Delta, and the construction of the Shanghai Free Trade Zone Lingang New Area.Editor Peng Qihang Source: People’s Bank of China Shanghai Headquarters Original Title: People’s Bank of China Shanghai Headquarters Shanghai Real Estate Credit Work Symposium

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