Since the establishment of the Urban Real Estate Financing Coordination Mechanism (referred to as the “Coordination Mechanism”), IB has elevated its strategic perspective and acted swiftly. It has convened four specialized meetings to deploy action measures and issued the IB's Action Plan for Implementing the Urban Real Estate Financing Coordination Mechanism. By enhancing coordination between head office and branches and optimizing service plans, the Bank ensured the safety of funds and the feasibility of projects, facilitating efficient approval processes to robustly support the reasonable financing needs of real estate projects. To date, the credit amount for projects under the Coordination Mechanism at IB has reached RMB 50 billion, with over RMB 25 billion already disbursed. Particularly since the Coordination Mechanism's establishment on January 5, the Bank has approved nearly RMB 10 billion for new projects under this mechanism, disbursing close to RMB 5 billion across 14 cities nationwide.
IB is deeply implementing the spirit of the Central Financial Work Conference. Accurately grasping the operational requirements of the Coordination Mechanism, the Bank enhanced organizational leadership. Special Working Groups on Real Estate Financing Coordination Mechanism led by top executives have been established at both the head and branch offices to oversee the real estate financing coordination mechanism. The Bank formulated detailed rules for due diligence and exemption in real estate credit operations and established green approval channels for projects promoted by the Coordination Mechanism. Clear approval timelines are set for eligible projects, ensuring timely "financial transfusion" for key projects. For parallel projects undergoing normal development and construction, with adequate collateral, reasonable asset-liability ratios, and secured repayment sources, quick reviews and loans were applied, ensuring full lending support where possible. For projects temporarily not meeting the criteria, IB maintains timely communication with the Coordination Mechanism. A recent example is the first private urban real estate financing coordination mechanism project in Fujian Province, launched in Xiamen, which secured financing of RMB 232 million in just 5 working days.
IB has achieved widespread success with its coordination mechanism projects through a series of “targeted and multifaceted approaches”. In Harbin, to support project construction progress and ensure project delivery, the Bank issued a RMB 12.05 million guarantee for presale funds of commercial housing on behalf of a real estate company. Additionally, it approved and disbursed a RMB 490 million real estate development loan for the project, providing precise "financial transfusion" to meet the project's reasonable financing needs. In Haikou, IB proactively identified projects undergoing normal development and construction, with adequate collateral, reasonable asset-liability ratios, and secured repayment sources. By enhancing information exchange and sharing with the coordination mechanism, the Bank provided precise financing of RMB 480 million for five projects. In Nanning, upon learning about a project's need to disburse wages to migrant workers during the Spring Festival, IB expedited the review, loan approval, and disbursement processes, totaling 36 RMB million in loans.
Moving forward, IB will delve deeper into the political and people-centric nature of financial work. Using the Action Plan as a lever, the Bank will improve the efficiency of "white list" project matchmaking, continue to expand and enhance the coordination mechanism's effectiveness, and meet the reasonable financing needs of real estate enterprises of different ownership types without bias. IB is committed to strongly supporting the construction of the "three major projects," including affordable housing, aiding in the establishment of a new real estate development model, and fostering a virtuous cycle between finance and real estate.