Tighter Credit Coming to 20 Hot Cities

Mortgage tightening is coming to 20 "hot" cities (second-tier cities with rapid price gains in 2016) following the tightening in first-tier cities.

iFeng: 媒体:20个热点城市房贷收紧政策可能全面跟进
According to the "Economic Information Daily" reported that, following Beijing, Tianjin, Guangzhou, Qingdao and other cities have introduced mortgage tightening measures, the focus of regulation and control of 20 hot cities may follow up.

...Wuhan, Jinan, Wuxi, Fuzhou, Chengdu, Shijiazhuang, Nanchang, Changsha, Nanjing, Suzhou, Hangzhou, Hefei, Xiamen, Zhengzhou, Qingdao.

"Economic Information Daily" quoted sources, the central bank made it clear that commercial banks must strictly control the first quarter of new loans. In the first quarter of the total new housing loans and growth rate is lower than the fourth quarter of 2016, credit growth too fast banking, may face a macro-prudential assessment system based on differential deposit reserve rate penalty.

Compared to last year's list of 16 hot cities, the list of the media added Shijiazhuang, Nanchang, Changsha, Qingdao, four cities.

...On the eve of last year's National Day, the central level to convene a meeting, requiring 16 cities to strictly control housing prices, followed by the major cities have introduced property market regulation and control policies.

...The Shanghai Securities News reporter learned from the industry, in order to implement the real estate regulation and control, reasonable control of business growth, effective slow release industry concentration high risk, the recent CBRC issued a notice intended to house prices rose too fast 16 hot city banking Financial institutions to carry out special inspections.

...It is understood that the contents of the special inspection involves a wide range, including personal housing mortgage loans, real estate development loans and financial funds are illegal entry into the real estate field. Shanghai, Guangzhou, Shenzhen, Xiamen, Hefei, Nanjing, Suzhou, Wuxi, Hangzhou, Tianjin, Fuzhou, Wuhan, Zhengzhou, Jinan and Chengdu.

China Banking Regulatory Commission asked to check the 16 cities of banking financial institutions as of the end of September 2016 and real estate-related business, according to the actual situation appropriate retrospective or extension, and asked the local banking regulatory bureau on December 5 will be special inspection report.

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