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After Chinese real estate developer Evergrande Group announced it was unable to repay a $260 million debt of an undisclosed private equity fund, officially defaulted on its debt and entered the restructuring process. debt structure. The government immediately sent a working group to work. The world believes that the Chinese government will adopt a more proactive and active strategy. However, British Broadcasting Corporation (BBC) quoted analysts as saying that it is not easy to "destroy this bomb" in a short time, and it can take from a few months to several years. .
Many evidences and policy adjustments show that, before Evergrande defaulted on its debt, the Chinese government also realized that the policy of tightening real estate in the past year had a significant impact on businesses and also great influence on economic development. Therefore, when entering the fourth quarter, a number of policies were also continuously adjusted.
One of them is to regulate lending restrictions on financial institutions. Since November of this year, a number of banks have received consecutive government notices, requesting to loosen loan documents for real estate companies to expand and develop, and speed up the approval process. to meet the needs in a reasonable manner.
Regulators have made this adjustment to show that "regular real estate loans need to continue to be issued, even encouraging the rapid implementation of the plan set out at the beginning of the year". However, the policy is not for all developers, but for companies with good operating conditions and high-quality assets.
Regarding lending regulations for Evergrande Group, which requires financial institutions to prioritize lending to specific projects under construction, to ensure these projects are completed and homebuyers have a home. In a favorable way, implement "property guarantee" to avoid disputes later. However, such loans are also strictly regulated by the government and these funds are not used to fill other debts.
In addition to easing lending restrictions, the government is also encouraging private companies to purchase some projects under construction by some companies to address economic risks.
The People's Bank of China, the Banking and Insurance Regulatory Commission of China, together with the State Asset Supervision and Administration Commission, recently held a meeting together with a number of joint venture companies, domestic real estate companies and large commercial banks. This meeting is not only to encourage large real estate companies to acquire some of the projects under construction from risky companies, but also to encourage financial institutions to provide companies with These financial services are necessary to conduct the acquisition and jointly address the risk.
While it does not mention "high-risk companies", it is widely assumed that the Government is referring to some weak property developers led by Evergrande.
Whether it is easing lending restrictions or encouraging buybacks, policies and calls have shown that the Chinese Government has handled the risks of real estate businesses in the Evergrande. On the one hand, the Government encourages large private enterprises, central enterprises and state-owned enterprises to acquire high-quality projects in the hands of risky and difficult real estate developers. business. On the other hand, it is also expected that big banks can actively lend loans to businesses. At the same time, request financial institutions not to stop or suspend lending to real estate companies that are facing risks and difficulties in business.
Chính phủ Trung Quốc tìm mọi cách gỡ “bom nợ” Evergrande, thị trường bất động sản dự báo phải mất nhiều năm nữa mới khôi phục
Kể từ khi cuộc khủng hoảng tài chính của Evergrande Group Trung Quốc nổ ra, chính phủ Trung Quốc đã dần chủ động hơn.
Millions job in CN, the second strongest economy on earth, gone in several years, more millions CNese will earn less than 140 usd per month
