March 16 is arguably the most exciting day of all time.
At noon, Xinhua News Agency broadcast a press release entitled "Liu He Presided over the Meeting of the Financial Commission of the State Council to Study the Current Situation," and the deputies made a statement on the current grim financial and real estate situation.
Affected by the news, the stock market rebounded sharply and finally saw red.
In the afternoon, regarding the real estate tax, the relevant person in charge of the Ministry of Finance said:
Real estate tax, this year temporarily "no collection"!
01
Real estate tax, this year is not engaged in!
In October 2021, the 31st meeting of the Standing Committee of the National People's Congress made a decision authorizing the State Council to carry out pilot work on real estate tax reform in some areas.
Yesterday (March 16), the relevant person in charge of the Ministry of Finance said that some cities have carried out investigations and preliminary studies, but considering the situation in all aspects, they do not have the conditions to expand the pilot cities of real estate tax reform this year.
As soon as the news was sent, many people breathed a sigh of relief, the "biggest bearish" of the property market, and the real estate tax finally landed on the boots!
On closer reading, there is one word that needs attention, that is, "all aspects".
Externally, the pressure of the Federal Reserve's interest rate hikes, the United States' attack on Chinese stocks, the turbulent situation in Russia and Ukraine, and sanctions everywhere have made the global economic outlook no longer clear.
Internally, the domestic economic growth has slowed down, the epidemic situation in Shenzhen, Shanghai and Hong Kong, the core cities of economic development in the mainland, has recurred, and many cities have been in a state of sluggishness and sluggishness because of policy regulation.
At the same time, among the 70 large and medium-sized cities included in the statistics, more than 80% of the cities still have second-hand house prices falling month-on-month, maintaining a historical high.
Not to mention, in recent times, not only the stock prices of private housing enterprises represented by Vanke, Country Garden and Sunac have fallen to a new low, but also more and more large, medium and small housing enterprises that have fallen into debt crisis.
From the perspective of the above factors, whether it is the severity of the economic or property market situation, it can be seen.
It is not difficult to understand why the conditions for expanding the pilot reform of real estate tax are not available within this year.
Once the economic environment improves, or the details of the real estate tax pilot are further improved, it will continue to be implemented.
After all, from the beginning of the real estate tax pilot last year to the present, the impact of real estate tax on public psychology is no longer strong. The so-called real estate tax will bring benefits to the property market, and people have gradually begun to accept it.
02
Many ministries and commissions express their position to maintain a stable market!
On March 16, the Financial Commission of the State Council held a meeting to send out a large number of positive macro signals, including real estate.
On the same day, many ministries and commissions followed up and actively expressed their attitude of maintaining stability.
Meeting of the Financial Commission of the State Council
Monetary policy should take the initiative to respond, and new loans should maintain moderate growth. Regarding real estate enterprises, it is necessary to study and propose effective prevention and mitigation of risk response plans in a timely manner, and propose supporting measures for the transformation to a new development model.
Banking and Insurance Regulatory Commission
Actively promote the transformation of the development mode of the real estate industry, encourage institutions to carry out M&A loans in a sound and orderly manner, focus on supporting high-quality housing enterprises to merge and acquire high-quality projects of difficult housing enterprises, and promote the virtuous cycle and healthy development of the real estate industry.
central bank
Monetary policy should take the initiative to respond, and new loans should maintain moderate growth. Adhere to the stability of progress, to prevent and resolve real estate market risks.
Sfc
Actively cooperate with relevant departments to effectively resolve the risks of real estate enterprises.
Foreign Exchange Bureau
Cooperate with relevant departments to promote the healthy and stable development of the real estate market.
The joint efforts of the five ministries and commissions and the Ministry of Finance mean that a huge rescue operation has begun!
Next, many key cities this year will obviously pick up, and even return to the heat, so I urge everyone who wants to buy a house to get on the bus quickly!