The bank’s branches in Guangdong Province have recently stopped Home mortgage loans, it is reported that the stop mortgage loans and the Everbright Bank.
According to the 21st Century Business Herald, the Shenzhen branch of China Merchants Bank, Guangzhou branch and its branches in Guangdong Province have suspended mortgage lending a week ago, while the external front-end business level is claimed to be “restrained from taking orders”.
The other shareholder banks, Everbright Bank in the Shenzhen branch has suspended mortgage loans, Guangfa Bank said not to take orders. Several other banks still accepting mortgage loans in addition to the long lending Time, it is now difficult to guarantee.
Some commentators believe that the suspension of mortgage loans by some banks and the December 31 last year, the Central Bank of the Communist Party of China in conjunction with the CBRC issued the “on the establishment of a centralized management system of real estate loans in banking financial institutions”.
The first red line is the proportion of real estate loans, which refers to the proportion of a bank’s total real estate loans (including personal housing loans and corporate housing loans) to its total loans. The second red line is the proportion of personal housing loans, referring to the balance of personal housing loans as a proportion of all loans of a bank.
Among them, there are seven large banks in the first grade, namely Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, China Development Bank, Bank of Communications, Postal Savings Bank, real estate loans accounted for an upper limit of 40%, personal housing loans accounted for an upper limit of 32.5%. The percentage of the second, third, fourth and fifth tranches decreases in order.
According to the research report of Guosheng Securities, from the statistics disclosed in the 2020 interim report, a total of 13 listed banks “stepped on the line” to varying degrees. Among the shareholding banks, China Merchants Bank’s retail mortgage loans accounted for 25.49%, exceeding the ceiling by 20%, and its overall real estate loans accounted for 34.25%, exceeding the ceiling by 27.5%. From this level, it makes sense to slow down or even suspend mortgage lending.
Some netizens did not buy the Chinese Communist Party‘s claim that the move was to crack down on property speculation. The netizen in Hangzhou, Zhejiang province, “Miss Zaozao to get up early” said, “the house speculation to the time, to collapse the situation, the bank to see the situation before not giving loans.”
There are also netizens dissatisfied with this one-size-fits-all policy. Dalian netizen “little prince has a rose” said: “We have the first suite of fresh needs how to do? Can’t we be more comprehensive?”
Some commentators said that the Chinese Communist Party’s move is to worry about a sharp decline in real estate to bring massive bad debts to banks. Commentator Wen Xiaogang believes that the mortgage because there is a house mortgage, so the bank is a high-quality assets, but now the mainland economy is down, the people’s income is reduced, the property market has also been the overall decline, in China to monitor the property market in seventy cities, about thirty cities have fallen back to a year ago, in this situation, if the bank lending without restraint, homeowners may lose their mortgage because of the decline in wages or unemployment In this situation, if the banks continue to lend without restraint, homeowners may lose their mortgage payments due to a decline in wages or unemployment, adding bad debts to the banks.
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