Original title: How personal housing loans were issued in the first three quarters and what are the highlights of the credit structure? The central bank’s answer → Source: CCTV News Client
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On October 15, the People’s Bank of China held a press conference to introduce financial statistics and services to the real economy in the first three quarters of this year. Statistics show that at the end of September, the balance of broad money (M2) was 234.28 trillion yuan, a year-on-year increase of 8.3%; the balance of social financing was 308.05 trillion yuan, a year-on-year increase of 10%, 0.3 percentage points lower than the end of the previous month.
Ruan Jianhong, a spokesperson for the People’s Bank of China, said that the current financial operations are generally stable, the total financial volume is growing steadily, the growth rate of the money supply and the scale of social financing basically matches the nominal economic growth rate, and the macro leverage ratio remains stable. .
The relevant person in charge of the People’s Bank said that in the first half of this year, China’s macro leverage ratio was 274.9%, 4.5 percentage points lower than the end of the previous year. The leverage ratios of non-financial enterprises, government and household sectors fell by 3.1, 1 and 0.4 percentage points respectively. , There are varying degrees of decline.
Sun Guofeng, Director of the Monetary Policy Department of the People’s Bank of China, introduced that in the fourth quarter, the supply and demand of liquidity in the banking system will continue to maintain a basic balance without major fluctuations. The People’s Bank of China will comprehensively consider the liquidity situation and the needs of financial institutions, flexibly use various monetary policy tools such as the convenience of medium-term lending, open market operations, and timely and appropriately release liquidity of different maturities, smooth out short-term fluctuations, and meet the reasonable funding of financial institutions Demand, maintain reasonable and abundant liquidity.
In the first three quarters, the scale of social financing increased by 24.75 trillion yuan
The relevant person in charge of the People’s Bank said at the press conference that the increase in social financing in the first three quarters was 24.75 trillion yuan. In general, financial support for the real economy is in line with economic development.
The People’s Bank of China spokesperson Ruan Jianhong, Director of the Regulation Department:The credit support of financial institutions to the real economy remains unabated. In the first three quarters, RMB loans issued by financial institutions to the real economy increased by 16.83 trillion yuan, an increase of 140 billion yuan over the same period last year.
Ruan Jianhong said that the financing of government bonds and corporate bonds has returned to normal, and stock financing has increased year-on-year. Data show that the net financing of government bonds in the first three quarters was 4.42 trillion yuan, 2.32 trillion yuan less than the same period last year, and 427.6 billion yuan more than the same period in 2019. The net financing of corporate bonds in the first three quarters was 2.43 trillion yuan, which was 1.66 trillion yuan less than the same period last year and basically the same as the same period in 2019. In the first three quarters, domestic equity financing of non-financial companies was 814.2 billion yuan, 204.3 billion yuan more than the same period last year.
In addition, off-balance sheet financing decreased significantly. In the first three quarters, the three off-balance sheet financings of entrusted loans, trust loans and undiscounted bank acceptance bills decreased by 1.56 trillion yuan, a year-on-year decrease of 1.4 trillion yuan. In the first three quarters, the scale of social financing increased by 24.75 trillion yuan, 4.87 trillion yuan less than the same period last year, and 4.14 trillion yuan more than the same period in 2019. In general, financial support for the real economy is in line with economic development.
Financial resources are tilted towards “specialized, special and new” enterprises
The spokesperson introduced that while the current financial system continues to strengthen its support for key industries and inclusive small and micro businesses, it is also increasing its support for “specialized and new” enterprises, and the credit structure continues to be optimized. According to the data, from the actual investment direction of loans, at the end of September, the balance of medium and long-term loans for all industries was 67.46 trillion yuan, a year-on-year increase of 15%.
Among them, the balance of medium and long-term loans in the manufacturing industry, infrastructure industry and service industry excluding real estate industry increased by 37.8%, 16.4% and 17.2%, respectively, which were 2.6, 2.2 and 0.3 percentage points higher than the end of the previous year, and maintained rapid growth. speed.
From the perspective of the financing situation of inclusive small and micro enterprises, at the end of September, the balance of inclusive small and micro loans increased by 27.4% year-on-year, which was 15.5 percentage points higher than the growth rate of various loans. Inclusive small and micro loans supported 40.92 million small and micro business entities, a year-on-year increase of 30.8%. In terms of structural optimization, at the end of September, the proportion of credit loans in inclusive small and micro loans was 17.4%, two percentage points higher than the end of the previous year.
The People’s Bank of China spokesperson Ruan Jianhong, Director of the Regulation Department:At the same time, we also noticed that there were new bright spots in the credit structure in the third quarter. Financial resources were leaning toward the country’s “specialized, special-new” enterprises. First, the loan-acquisition rate of “specialized, special-new” enterprises was relatively high. At the end of September, the loan-acquisition rate of “specialized, special-new” enterprises was 71.9%, and the average loan balance per household was 75.82 million yuan. Second, the loan balance has grown steadily, and the cost has continued to fall.
The amount of personal housing loans issued in the first three quarters remained stable
At the press conference, in response to the personal housing loan issuance of public concern, the relevant person in charge of the People’s Bank said that the amount of personal housing loan issued in the first three quarters of this year remained stable.
According to Zou Lan, Director of the Financial Markets Department of the People’s Bank of China, from the data point of view, the amount of personal housing loans issued in the first three quarters of this year remained stable, basically matching the amount of commercial housing sales during the same period. Among them, housing prices in a few cities have risen too fast, personal housing loans are subject to some constraints, and the rate of housing price rises has been suppressed. After housing prices stabilize, the supply-demand relationship of housing loans in these cities will return to normal.
Recently, individual large-scale real estate companies have been exposed to risks, financial institutions’ risk appetite for the real estate industry has dropped significantly, and consistent shrinking behavior has occurred, and the growth rate of real estate development loans has dropped significantly. The relevant person in charge of the People’s Bank said that this short-term overreaction is a normal market phenomenon.
In addition, some financial institutions also have some misunderstandings about the financing management rules of the 30 pilot real estate companies in the “third-tier and fourth-tier” financing management. They are required to not increase the balance of interest-bearing debts of “red file” companies. The misunderstanding is that banks are not allowed to issue new development loans and companies sell. After the loan was repaid, the newly started projects that should have been reasonably supported were not able to obtain loans, which also caused some enterprises to tighten their capital chains to a certain extent.
The relevant person in charge of the People’s Bank said that in response to these circumstances, the People’s Bank of China and the China Banking and Insurance Regulatory Commission have held a real estate finance work symposium at the end of September to guide major banks to accurately grasp and implement the real estate financial The real estate market developed steadily and healthily.
(CCTV reporter Tian Qiyong and Xiong Wei)
(Edited by Zhao Hanqing)
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