To say that this central bank supports real estate. The central bank said second, no one dared to say first, the central bank at noon on May 13, deliberately in the stock trading hours three arrows to urge everyone to buy a house to see, everyone does not buy a house, simply out of another loan, it seems that the scale is not large, only 300 billion, but don't forget the next sentence: can be extended four times! And the interest rate is 1.75%!
The central bank's re-lending is aimed at 21 national banks, and these commercial banks issue loans to local state-owned enterprises selected by the local government to purchase commercial houses that have been built and unsold for leasing and policy affordable housing, and speed up the destocking of stock commercial housing, which is simply the central bank using bank funds to reduce real estate inventory. It can also be rolled over 4 times. This multiplication has played a role of trillions of yuan. If appropriate, it will be calculated as 60% of the loan principal.
The central bank issued re-lending, driving bank loans of 500 billion. If 50 million square meters can be purchased at 10,000 yuan per square meter, about 600,000 sets, according to statistics, it accounted for more than 5% of last year's annual sales. Of course, this is the beginning, the central bank will give 300 billion yuan, and local governments and local commercial banks will dare to follow up with more loans.