Two departments: affordable rental housing loans are not included in the real estate loan concentration management

2022-06-06 0 By

The People’s Bank of China (PBOC) and the Banking and Insurance Regulatory Commission (CBRC) announced today that from now on, loans issued by banking financial institutions to low-income rental housing projects with written confirmation will not be included in the real estate loan concentration management.Banking financial institutions should step up support for low-income rental housing and provide financial products and services in accordance with the principles of legal compliance, controllable risks and sustainable business.The notice applies to the banking financial institutions that implement the real estate loan concentration management system.Shanghai Headquarters of the People’s Bank of China, with branches and operation offices, sub-branches in the capital cities of each province and sub-sub-branches in the capital cities of each province;The banking regulatory bureaus;National development bank, the policy Banks, state-owned commercial Banks, postal savings bank of China, joint stock commercial Banks, to implement the party central committee and the State Council about support of affordable rental housing development decision deployment, according to The General Office of the State Council about accelerate the development of affordable rental housing to the opinions of the “request, regarding the work order is as follows:1. As of the date of the issuance of this Circular, the relevant loans granted by banking financial institutions to the affordable rental housing projects holding the written confirmation of the affordable rental housing projects will not be included in the real estate loan concentration management.2. Banking financial institutions should increase their support for low-income rental housing and provide financial products and services in accordance with the principles of legal compliance, controllable risks and sustainable business.Banking financial institutions shall strictly implement the relevant statistical systems of the People’s Bank of China and the CBRC to ensure the authenticity and accuracy of data.This notice applies to the banking financial institutions that implement the real estate loan concentration management system.The Shanghai headquarters of the People’s Bank of China, all branches, operation offices, sub-branches in the city centers of provincial capitals and sub-sub-branches in the city centers of provincial capitals shall forward this notice to the branches of the People’s Bank of China, urban commercial banks, rural commercial banks, rural cooperative banks, rural credit cooperatives, rural rural banks and private banks within their jurisdiction.Each BANKING regulatory bureau is requested to forward this notice to each banking regulatory branch within its jurisdiction.These floors advise you not to choose!Buy a house to choose a floor to pay attention to what problems?After paying off house loan ahead of schedule “this matter” must want to do, otherwise the house later “sell not drop” how many is the most reasonable month?Really cut off supply is not so simple as eating dirt