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Pan Gongsheng: the fund supervision and financing rules of real estate enterprises have been brewing for 2 years to correct the blind expansion behavior of real estate enterprises.

iconSep 15, 2020 10:09
Pan Gongsheng: housing enterprises' capital supervision and financing rules have been brewing for two years to correct the blind expansion of real estate enterprises. On September 14, the Information Office of the State Council held a regular briefing on the policy of the State Council. Pan Gongsheng, deputy governor of the people's Bank of China and director of the State Administration of Foreign Exchange, said that microscopically, it is conducive to correcting the blind expansion of enterprises. On the whole, the current key real estate enterprise fund monitoring and financing management rules start smoothly, and the social response is positive. In the next step, the scope of application of the rules will be steadily expanded with the Ministry of Housing and Construction and other relevant departments.

SMM: on September 14, the Information Office of the State Council held a regular briefing on the policy of the State Council. Pan Gongsheng, deputy governor of the people's Bank of China and director of the State Administration of Foreign Exchange, Huo Yingli, director of the Macro-prudential Administration of the people's Bank of China, and Liu Changchun, director of the second Bureau of the Legislative Council of the Ministry of Justice, gave a briefing on serving the real economy and clarifying the access rules for financial holding companies

With regard to the recent symposium on key real estate enterprises jointly held by the Central Bank and the Ministry of Housing and Construction, and the latest progress in the capital supervision and financing management rules of real estate enterprises, Pan Gongsheng responded that after the 19th CPC National Congress, the central government made it clear that "houses are for living, not for speculation, and do not use real estate as a means to stimulate the economy in the short term." this is a basic policy for the management of the real estate market.

According to the opinion real estate new media, Pan Gongsheng also said that the financing rules have been brewing for nearly two years. We extensively solicited opinions in the early stage, and on the basis of extensive communication with the real estate industry and the financial industry, the people's Bank of China and the Ministry of Housing and Construction, together with relevant departments, formed fund monitoring and financing management rules for key real estate enterprises.

"this rule is not only an important part of the construction of the long-term mechanism of the real estate market, but also an important part of the real estate financial prudent management system. The purpose of the construction of this system is to enhance the marketization, regularization and transparency of the financing management of real estate enterprises. "

Pan Gongsheng believes that from a micro level, it will help real estate enterprises to form stable financial policy expectations, reasonably arrange their own business activities and financing behavior, correct the business behavior of some enterprises' blind expansion, and be stable and far away. enhance your own ability to resist risks. From the macro level, it will not only help to promote the long-term and sound operation of the real estate industry, but also help to prevent and resolve real estate financial risks, and promote the sustained, stable and healthy development of the real estate market.

In fact, since last year, some real estate enterprises have begun to optimize their business strategies and financial structure. In the process of making this rule, we also fully consider the actual situation of the enterprise and the market, and design a scientific and reasonable transition arrangement. Just like the financial holding company approach just now, there is a very scientific and reasonable transitional arrangement. On the whole, at present, the fund monitoring and financing management rules of key real estate enterprises start smoothly, and the social response is positive. "

'in the next step, we will work with the Ministry of Housing and Construction and other relevant management departments to follow up and evaluate the implementation, constantly improve the rules, and steadily expand the scope of application, 'Mr. Pan said.

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