At the beginning of the new year, Industrial Bank, conscientiously implementing the decisions of the CPC Central Committee and the State Council, in accordance with the requirements of the special meeting of the National Financial Regulatory Administration, issued an Action Plan for the Implementation of the Coordination Mechanism for Urban Real Estate Financing of Industrial Bank (hereinafter referred to as the Action Plan), which includes sixteen initiatives around six aspects, in order to accelerate the implementation and effectiveness of the mechanism with greater efforts and more practical measures.
The Action Plan launches sixteen initiatives around six aspects, including improving its political awareness, strengthening the organization and leadership, optimizing supporting mechanisms, implementing service guarantees, providing targeted services after precise customer segmentation, and clarifying approval requirements, to meet reasonable financing needs of real estate projects by strengthening the overall tracking and coordination, sorting out tasks and measures, and promoting the solid implementation of various policies.
The real estate business chain is long and extensive, with a significant impact on the national economy and is closely related to the lives of the general public. Industrial Bank, conscientiously implementing the important decisions of the CPC Central Committee and the State Council on the stable and healthy development of the real estate market, strictly implements relevant requirements of the regulatory authorities, and taps into new business opportunities while consolidating its foundation. Industrial Bank meets the reasonable financing needs of real estate enterprises of different ownership without discrimination, actively cooperative with the local governments in “guaranteeing the delivery of buildings, people’s livelihoods, and stability”, contributing to the implementation of the “Three Major Projects”. It has set up the Leading Group for the Healthy Development of Real Estate, headed by the bank’s leaders and with the participation of various departments such as corporate finance, retail and financial markets, to promote the healthy development of the real estate business of the bank in a coordinated approach, and to continue to optimize the real estate business system which has covered three major categories, namely traditional real estate, industrial real estate and residential housing, and six minor products.
Industrial Bank said that it will fully implement the spirit of the Central Financial Work Conference, based on the Action Plan, be more proactive in improving the coordination mechanism, increase its efforts to support the reasonable financing needs of real estate projects, accelerate the forming of a new real estate development model, and make greater contributions to the stable and healthy development of the real estate market and the virtuous cycle of finance and real estate.