To thoroughly implement the spirit of the Central Financial Work Conference, as well as the meetings with the People’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, and financial institutions symposium, Industrial Bank convened a symposium for representatives of select real estate companies on December 13th in Fuzhou. The conference was attended by 10 mixed-ownership and private real estate enterprises, including Vanke Group, Greentown Group, Longfor Group, Binjiang Group, Greenland Group, Midea Real Estate, Newhope Real Estate, Century Gold Source, Fujian Zhonglian Group, and Fujian Tianshou Group.
During the symposium, Industrial Bank and representatives from real estate enterprises conducted in-depth discussions on industry situation analysis, financing needs, further deepening of bank-enterprise cooperation, exploration of new models for real estate development, and promoting the stable and healthy development of the real estate market.
Industrial Bank stated that as a domestic systemically important bank, it will always adhere to the“Two Unshakable” principle, treating all enterprises equally and meeting the reasonable financing needs of different ownership real estate enterprises. It will continue to promote the improvement of long-term mechanisms for real estate financial services, further optimize the mechanism for the healthy development of the real estate sector, and systematically launch eight major initiatives. These initiatives include optimizing credit and authorization policies, increasing traditional credit support for non-state-owned real estate enterprises, integrating public and private mortgage policies, supporting public market financing for private real estate enterprises, optimizing credit products, supporting “ensuring housing project delivery” and risk resolution, implementing the construction of the “Three Major Projects”, and promoting the creation of new real estate models, which are the most important concerns of real estate enterprises. This will foster a virtuous cycle between finance and real estate.
It is reported that since the beginning of this year, the balance of real estate loans (including personal housing loans) from Industrial Bank has exceeded 1.4 trillion yuan, with an increase of nearly 70 billion yuan compared to the same period last year. This growth signifies a flourishing trend across various sectors such as urban renewal development, commercial operating properties, industrial park property development and operation, housing rental, and traditional development loans.
The representatives of the real estate enterprises attending the conference expressed their full recognition of the series of support measures provided by Industrial Bank. They believe that this symposium further streamlined the communication mechanism between banks and enterprises, which will effectively promote the implementation of various policies and jointly address the financing difficulties, pain points, and bottlenecks faced by real estate enterprises. It will further enhance their confidence in development. They hope that the bank and enterprises can deepen their cooperation, work together in unity, weather the storms together, and jointly contribute to the construction of a new model for real estate development.