Recent
Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank all responded to real estate-related topics that are of general concern to the outside world when they held the 2023 annual results conference.
01
Industrial and Commercial Bank of China:
Construct a decentralized pluralistic equilibrium
Real estate investment and financing structure
ICBC said that the bank adheres to the asset selection criteria of the trinity of regions, customers and projects, and implements comprehensive policies from the four aspects of "increasing prevention and chemical treatment", and strives to build a dispersed, diversified and balanced real estate investment and financing structure.
"We insist on good investment and increment, fully support the stable and healthy development of the market, support the reasonable financing needs of real estate enterprises of different ownership systems without discrimination, actively serve the construction of the 'three major projects', and promote the construction of a new model of real estate development. Wang Jingwu, vice president of ICBC, said, "At the same time, we insist on managing the stock well, accurately reducing risks, and increasing the disposal and clearance of risky real estate enterprises and projects to ensure that the asset quality is stable and controllable." ”
At the results conference, the senior management of ICBC also introduced financial services specifically for new citizens.
"In terms of housing consumption, ICBC has implemented differentiated housing credit policies, and increased support for newly settled individual housing loans through measures such as implementing the best loan interest rate, giving priority to approval and first lending, and flexibly determining the income of new citizens. Yao Mingde, vice president of the Industrial and Commercial Bank of China, said.
02
Abc:
Risks in the real estate sector are generally controllable
"In 2023, there will be some new non-performing loans in real estate and other fields, but the risks are generally controllable. Zhang Xuguang, vice president of the Agricultural Bank of China, said at the bank's results conference.
Zhang Xuguang introduced that the bank has actively implemented policies and measures such as the "16 Financial Measures" to respond early to non-performing loans and dispose of them quickly, and the risks of the real estate industry have been effectively controlled.
In fact, at the 2023 interim results conference, the senior management of ABC introduced the bank's key work in the next stage of risk prevention and control in the real estate industry.
"ABC will focus on strengthening the management of the duration of the property-related business, and strictly follow the regulatory requirements and the policies and regulations of our bank to do a good job in the management and control of key links such as asset mortgage, capital supervision, mortgage delivery, etc., so as to form an effective closed-loop risk management and reduce the risk of overdue delivery from the source. Liu Jiawang, vice president of the Agricultural Bank of China, said.
According to the annual report of the Agricultural Bank of China, as of the end of the reporting period, the bank's real estate non-performing rate was 5.42%, a decrease of 0.06 percentage points from the beginning of the year, and the new non-performing rate decreased by 2.9 billion yuan compared with 2022.
03
Bank of China:
It will increase the allocation of personal housing loans
The senior management of Bank of China said that in 2023, the bank will increase the exposure and collection and resolution of non-performing real estate fields, and the non-performing real estate sector is within the overall controllable range.
"In the next step, the Bank will continue to conscientiously implement the real estate financing coordination mechanism, the 'three major projects', rental housing and other policies, adhere to the principles of marketization and rule of law, maintain stable and orderly real estate financing, and help improve the asset and liability situation of real estate enterprises. Liu Jiandong, risk director of Bank of China, said that the bank will also strengthen the monitoring and disposal of credit risks of real estate enterprises, and take the initiative to comprehensively use various methods such as restructuring, write-off, and transfer to effectively prevent and resolve real estate risks.
Looking ahead to 2024, Bank of China said it will increase the allocation of personal housing loans, focusing on supporting the first set of households and improving their needs.
"Personal housing loans, consumer loans and other loans in the field of people's livelihood are the loan varieties with high yield, low capital occupation and low risk cost in the entire loan delivery of our bank, and the allocation of credit resources in these aspects will be increased this year. Zhang Yi, deputy governor of the Bank of China, said.
04
CCB:
Meet the needs of residents for rigid and improved housing
At the results conference, CCB's senior management introduced the bank's asset quality in the real estate sector. "As of the end of 2023, the overall structure of CCB's real estate loans is reasonable, and the non-performing generation is basically the same as last year, and the non-performing level is in line with expectations. Li Min, vice president of China Construction Bank, said.
As for whether the demand for housing loans will recover this year, the senior management of CCB also responded. "Judging from the data of CCB, since March, the acceptance volume of housing mortgage loans, especially second-hand housing mortgage loans, has rebounded month-on-month. We will also continue to monitor and optimize our services to better meet the needs of residents for rigid and improved housing. Li Yun, vice president of China Construction Bank, said.
Li Yun also introduced CCB's further arrangements in the real estate sector. "Under the current market situation, on the one hand, we actively serve the reasonable financing needs of the real estate supply side, and on the other hand, we continue to do a good job in housing mortgage financial services, especially the following three contents: one is to further optimize the online process of mortgage loans, the second is to do a good job in the personal loan services of affordable housing, and the third is to do a good job in the personal loan support for farmers in developed counties to build their own houses. Li Yun said.
05
Bank of Communications:
Quality control in the real estate industry
It is still a key task in the future
"In 2023, Bank of Communications will continue to implement the national regulation and control policies on the real estate sector, and adhere to the 'one household, one policy' to effectively promote risk mitigation in the real estate sector. Yin Jiuyong, vice president of the Bank of Communications, said.
At the results conference, the senior management of Bank of Communications said that from the perspective of regional distribution of real estate, the bank currently has a good regional distribution of public real estate, mainly concentrated in the Yangtze River Delta, the Greater Bay Area, Beijing-Tianjin-Hebei and other urban agglomerations with industrial support and population agglomeration effect, and the business structure is mainly residential, and the future risk is controllable.
It is reported that Bank of Communications plans to carry out post-loan management activities throughout the bank this year. "Quality control in the real estate industry will continue to be our priority for some time to come. Yin Jiuyong said that Bank of Communications will continue to strengthen the risk management of real estate business, implement upgraded management of key risk real estate enterprises, formulate risk management and control strategies for "one household, one policy", increase monitoring and post-loan management, and achieve early identification, early warning, early exposure and early disposal, and strive to improve the overall quality and stability of real estate loans.
06
Postal Savings Bank:
Strengthen the rigid demand in high-energy cities and counties
and other inputs
Postal Savings Bank's senior management said at the bank's earnings conference that real estate is one of the bank's key focus areas in the public sector. We will strictly implement the "four early" principles of early identification, early warning, early exposure and early disposal, and at the same time strengthen the research of credit policies and industries, do a good job in the management of the list system at the access end, strengthen checks and balances in the credit process, carry out all-round monitoring and early warning after lending, and strengthen three-dimensional management.
Looking back on 2023, Liang Shidong, director of retail business of the Postal Savings Bank, said that the adjustment of LPR and stock interest rates has indeed brought some pressure to the bank, but these adjustments are conducive to the reduction of residents' loan costs and have a certain offset effect on early repayment.
"Looking forward to 2024, we will continue to adhere to the strategy of paying equal attention to primary and second-hand housing in 2023, and at the same time, in terms of regional layout, we will continue to strengthen investment in high-energy cities and county rigid demand. Liang Shidong said that from the bank's practical experience, it is very important for risk control to grasp the "five truths" (real person, real house, real demand, real transaction, and real price) in the mortgage business.
Source: Financial Times client
Reporter: Zo Xi
Editor: Duan Jiaxi
Email: [email protected]