In comprehensive news, the China Banking and Insurance Regulatory Commission (CBIRC) issued a notice on its website on March 26 indicating that it will carry out a special investigation into the recent problem of some enterprises and individuals illegally using loans for business purposes in the real estate sector, which has crowded out credit resources to support the real economy, especially small and micro enterprises, and has also affected the real estate regulation policy.
According to Reuters, this Time it was the China Banking and Insurance Regulatory Commission, the Ministry of Housing and Construction and the Central Bank that jointly issued a document requiring localities to complete this investigation by May 31.
Previously, key cities such as North, Guangzhou and Shenzhen had already conducted self-examinations on operating loan irregularities, but the results were mixed.
Some industry insiders pointed out that the irregular flow of disaster relief money into the property market, which is supposed to be a special period of relief, has had a great negative impact on the market, and some cities have seen a vicious cycle of market overheating and irregular funds entering the market.
Although the relevant adjustment measures were introduced last year, but after the key cities tend to stabilize, there is a conduction to other cities.
Shenzhen, where the property market was booming last year, informed that a total of 21 suspected irregular loans totaling about 51.8 million yuan were found through supervision since April last year; Beijing‘s special investigation found 30 million yuan of irregular loans.
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