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Accelerating Urban Real Estate Financing with the “White List” Mechanism

Xinhua News Agency, Beijing, February 3Title: The urban real estate financing coordination mechanism accelerates the provision of “white lists”

Xinhua News Agency reporters Wu Yu, Wang Youling and Li Yanxia

Recently, the implementation of the urban real estate financing coordination mechanism has accelerated. Nanning, Chongqing and other places have pushed the first batch of real estate project “whitelists” to financial institutions, and some related projects have received new loans. .

The reporter learned from the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision that Nanning, Guangxi, established a real estate financing coordination mechanism and pushed the first batch of 107 “white-listed” real estate projects to local financial institutions. The Beitou Lotus Foundation project on the “white list” has received a development loan of 330 million yuan from the Nanning Branch of Minsheng Bank.

This is one of the first “white list” projects to receive funding after the Ministry of Housing and Urban-Rural Development and the State Financial Supervision Administration held a siting meeting on the urban real estate financing coordination mechanism.

At the same time, Chongqing, through the real estate financing coordination mechanism, sorted out the first batch of 314 real estate project “whitelists” and pushed them to 28 major banks within its jurisdiction.

In recent days, many places have promoted the implementation of urban real estate financing coordination mechanisms.

The reporter learned that Jiangxi has further refined and clarified the operational methods and operational details of the coordination mechanism, and has gradually promoted the establishment of departmental consultation platforms and government-bank-enterprise cooperation platforms; Guangzhou is building a government-bank-enterprise communication platform. to promote real estate development companies and financial institutions Correct pruning; Qingdao screens eligible projects from the declared projects and pushes them to financial institutions; relevant alliance cities in Inner Mongolia are pushing the first batch of project lists and preparing the second batch of project lists…

Before this, China Construction Bank had sent 6 teams to 12 provinces and cities to conduct research to implement the reasonable financing needs of real estate company projects, and exchange information with 6 real estate companies to improve mutual trust. “We will organize branches and city banks to coordinate with local coordination mechanisms and real estate projects on the list to correctly solve problems and provide financing support,” said Tian Jianming, deputy general manager of the Corporate Business Department of China Construction Bank.

The reporter learned from the Industrial and Commercial Bank of China that in January 2024, ICBC’s real estate development loans continued to increase year after year. By further optimizing credit policies, ICBC has also increased its project financing support for high-quality non-state-owned real estate enterprises. Since November 2023, ICBC’s development loans to non-state-owned real estate enterprises have increased month-on-month.

On January 10, 2024, two citizens watched the construction site of the unfinished old housing renovation project in Pengyi District, Jing’an District, Shanghai on the exit overpass of Pengpu Xincun Metro Station. Photo by Xinhua News Agency reporter Fang Zhe

Many banks said that although they are speeding up to meet the financing needs of “white list” projects, they will increase their investment in the construction of “three big projects” such as affordable housing construction, public “leisure and emergency” construction. infrastructure, and the future transformation of urban villages Strengthen financial support to better support rigid and better housing needs.

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