On May 17, the Information Office of the State Council held a regular briefing on the policies of the State Council, at which responsible persons of the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, the People's Bank of China, and the State Administration of Financial Supervision and Administration introduced the relevant policies for ensuring the delivery of housing.
Do a good job in the tough battle of ensuring the delivery of commercial housing projects
Dong Jianguo, Vice Minister of the Ministry of Housing and Urban-Rural Development, said that the battle to ensure the delivery of commercial housing projects focuses on three aspects.
First, it is necessary to take the protection of the legitimate rights and interests of home buyers as the fundamental starting point and end point, and adhere to the principles of marketization and rule of law. Second, it is necessary to make full use of the urban real estate financing coordination mechanism and include the project in the "white list" to provide financing support. Third, it is necessary to consolidate the responsibilities of local governments, real estate enterprises, and financial institutions.
In terms of doing a good job in the implementation of the tough battle to ensure the delivery of housing, Dong Jianguo introduced that there are mainly the following four major measures.
The first is to find out the bottom number. The city government should comprehensively investigate the city's commercial housing projects under construction and sold, carry out a large-scale doxxing, lock the projects that are difficult to deliver, accurately grasp the existing problems, and establish a project ledger.
The second is classified disposal. In accordance with the principles of marketization and rule of law, the city government should guide the project development enterprise to formulate a disposal plan of "one project and one policy". Eligible projects will be included in the "white list" to provide financing support and promote project construction and delivery. Promote insolvent projects to enter the judicial disposal procedure, and put the protection of the legitimate rights and interests of home buyers in the first place.
The third is judicial support. For projects that require judicial disposition, the local people's courts will accept the relevant cases in a timely manner to improve the efficiency of judicial disposition; Prudently take property preservation measures for tough projects to support project construction and delivery.
Fourth, establish a long-term mechanism. On the one hand, we will vigorously and orderly promote the sales of existing houses, and support commercial housing projects to meet the sales conditions of existing houses through the "white list" financing policy; On the other hand, for those who continue to implement pre-sale, the pre-sale funds of the project shall be strictly supervised to prevent the emergence of new risks.
The national team "collects, stores, and destocks".
Tao Ling, deputy governor of the People's Bank of China, said that the recent meeting of the Political Bureau of the Central Committee proposed to study the policy measures to digest the stock of real estate and optimize the incremental housing. The People's Bank of China has stepped up its efforts to conscientiously implement and launched four policy measures based on the central bank's monetary policy and macro-prudential management functions.
The first is to set up a 300 billion yuan re-loan for affordable housing. Encourage and guide financial institutions to follow the principles of marketization and rule of law to support local state-owned enterprises to purchase completed and unsold commercial housing at a reasonable price for placement or rental affordable housing, which is expected to drive bank loans of 500 billion yuan. (Read more→ National Team "Storage" to Inventory!) The central bank will set up a 300 billion yuan affordable housing re-loan)
The second is to reduce the minimum down payment ratio of personal housing loans at the national level, adjusting the minimum down payment ratio for the first home from no less than 20% to not less than 15%, and the minimum down payment ratio for the second home from no less than 30% to not less than 25%.
The third is to cancel the lower limit of the interest rate policy for personal housing loans at the national level. The interest rate of the first home and the second home loan will no longer set the policy lower limit, and the mortgage interest rate will be marketized.
After the adjustment of the above-mentioned down payment ratio and mortgage interest rate policy, all localities can independently determine the minimum down payment ratio and the lower limit of the mortgage interest rate for the first and second homes in their jurisdictions according to the city's policies, and may no longer set the lower limit of the interest rate.
Fourth, the interest rate of housing provident fund loans of various maturities was lowered by 0.25 percentage points. After the adjustment, the interest rate of the personal housing provident fund loan for the first house of more than five years is 2.85%, which can better meet the housing needs of the housing provident fund depositors.
How to make good use of the "white list"?
Xiao Yuanqi, deputy director of the State Administration of Financial Supervision and Administration, said that the "white list" is voluntarily declared by the real estate project company, and the district and county of the city where it is located pre-examine and propose the list. The urban coordination mechanism organizes screening and review, and those who meet the conditions and standards are included in the "white list", and those who do not meet the conditions and standards are to implement rectification, promote problem solving, and form a closed-loop management mechanism.
Xiao Yuanqi said that the support of commercial banks for the "white list" project mainly includes the following measures:
First, strengthen organizational leadership. Major commercial banks are required to set up special working groups, led by bank leaders, and corresponding departments such as customer marketing, credit approval, risk management and other departments are all members to form a joint work force.
Second, it is required to actively participate in the work of the urban coordination mechanism. Under the overall planning of the coordination mechanism, participate in the review and check in accordance with the corresponding conditions and standards and be included in the "white list" project.
Third, establish green channels. Banks are required to optimize the loan approval and disbursement process, appropriately delegate approval authority, speed up lending, and manage project access, rating, credit grant, post-loan and other aspects separately, and allow separate credit lines. At the same time, it is also necessary to formulate specific rules for due diligence and exemption, and exempt grassroots banks and relevant employees from liability if they have performed their duties diligently in accordance with the requirements, as well as those who have incurred risks in loans due to force majeure factors.
Fourth, we should make sure that all loans are due. The "white list" projects of real estate enterprises with different ownership systems are treated equally. On the premise of controlling risks, financing support can be provided in a variety of ways, such as new loans, extension of existing loans, and issuance of M&A loans. The loan amount should match the construction cycle of the project, cover the funding gap for the completion and delivery of the project, promote the completion and delivery of the project, and effectively protect the legitimate rights and interests of buyers.
Fifth, the "white list" projects should be accounted for separately, operated and managed in a closed manner, and the funds between the projects should not be mixed, and the project funds should not be diverted for other purposes, so as to ensure that the funds are used to ensure delivery. Commercial banks should strictly examine the use and flow of credit funds, and agree with the borrower to open a project fund supervision account with the lending bank to ensure that project capital, loan issuance, payment and disbursement, and loan repayment are handled through the project fund supervision account. The pre-sale fund supervision account of the "white list" project should be opened with the host bank.
Properly dispose of idle land
or for the construction of affordable housing
Liu Guohong, vice minister of the Ministry of Natural Resources, revealed that the Ministry of Natural Resources plans to introduce policies and measures to properly dispose of idle land and revitalize the stock of land, which will solve this problem from the two lines of strictly disposing of idle land in accordance with the law and increasing support for the revitalization and utilization of stock land, which can be briefly summarized into the following three aspects:
The first is to support the optimization and development of enterprises. The main purpose is to eliminate obstacles to development and construction, reasonably exempt from liability for breach of contract caused by natural disasters and epidemics, and allow enterprises to reasonably adjust planning conditions and design requirements in accordance with procedures to better meet market demand.
The second is to promote market circulation and transfer. It is mainly to give full play to the role of the secondary market of land, support the transfer of advance registration and "transfer with mortgage", and encourage transfer or cooperative development.
The third is to support local governments to recover land at reasonable prices. The main purpose is to support local governments to recover idle land at a reasonable price in accordance with the principle of "purchasing according to demand" for the construction of affordable housing. Localities are allowed to adopt a parallel "repossession-supply" approach to simplify procedures, handle planning and land supply procedures, and better provide facilitation services.
Liu Guohong said that after recovering and acquiring these lands, they will be used to build affordable housing, and can also be used to build public supporting service facilities and improve the surrounding residential supporting conditions, with the following three support measures.
The first is to increase financial support. Establish a sustainable financial guarantee mechanism, and provide financial support through local government special bonds for the recovered or acquired land used for affordable housing projects.
The second is to provide tax support. For the acquisition of commercial housing that has been completed, as well as the recovery and acquisition of stock land for the construction of affordable housing, after confirmation by the municipal and county people's governments, they can enjoy preferential tax policies for affordable housing in accordance with the existing regulations.
The third is to simplify the work process. For the acquisition of completed commercial housing or the resumption or acquisition of stock land for affordable housing, the municipal and county governments shall agree to allocate land together when approving the repossession, and implement the parallel handling of "repossession-supply", and the nature of land use rights can be changed and registered as allocated land according to the approval documents.
Editor / Lan Wei Liu Yajing
Source / China.com
Typography / Lan Wei
Proofreading / Mao Yun