In accordance with regulatory requirements, banks within the jurisdiction have carried out self-examinations on the business compliance of personal operating loans issued since the second half of 2020. The self-examination found that the amount of personal operating loans suspected of illegally flowing into the Beijing real estate market was about 340 million yuan, accounting for about 340 million yuan. 0.35% of the total amount of self-examination of operating loans, part of which involves the bank's imprudent handling of the business, and part of it involves the borrower's deliberate evasion of review. "On March 23, Beijing notified banks within its jurisdiction of the illegal entry of operating loans into the property market after a comprehensive self-inspection and special inspections were carried out.
According to reports, at present, relevant banks are making every effort to promote rectification work. The requirements of Beijing Banking and Insurance Regulatory Bureau: Accelerate the rectification and improvement, implement list system management for unsettled businesses; strictly implement internal accountability; carefully compare the "Beijing Banking and Insurance Regulatory Bureau and the People’s Bank of China Business Management Department on Strengthening the Management of Personal Operating Loans and Strict Prevention The “Notice on the Illegal Flow of Credit Funds into the Real Estate Market” revised and improved the Bank’s internal systems, mechanisms and procedures; comprehensively strengthened credit business management, internal staff management and management of cooperative intermediaries.
It is worth mentioning that, on the basis of bank self-examination, the Beijing Banking and Insurance Regulatory Bureau, in conjunction with relevant departments, selected key institutions to further carry out special inspections, and it has been found that approximately 30 million yuan of credit funds suspected of illegal inflow to the real estate market have been found. At present, the Beijing Banking and Insurance Regulatory Bureau has initiated the administrative penalty case filing procedures and investigation and evidence collection work for four banks. In the follow-up, based on the results of the investigation and evidence collection, banks that fail the "three inspections" of loans or staff who fail to perform their duties will be severely punished in accordance with laws and regulations. At the same time, the Beijing Banking and Insurance Regulatory Bureau will also work with relevant municipal departments to study the establishment of a joint disciplinary mechanism against illegal intermediaries and borrowers that violate regulations, so as to effectively raise the public's awareness of legal compliance and resolutely maintain the order of the capital's real estate market.
Recently, the real estate market in some hot spots has increased volatility. The industry believes that illegal entry of operating loans into the property market is the main reason for the obvious rise in this round of the property market, which has attracted a lot of regulatory actions. For example, the official website of Guangdong Banking and Insurance Regulatory Bureau announced on March 16 that up to now, the banking institutions within its jurisdiction (excluding Shenzhen) have completed the self-inspection of personal business loans in a total of 4,501 bank outlets, and investigated 567.8 billion yuan of personal business loans. , Personal consumption loans were 216.5 billion yuan, and it was discovered that the amount of problematic loans suspected of illegally flowing into the real estate market was 277 million yuan, 920 households. Among them, the Guangzhou region's banking institutions self-examined and found that the amount of problematic loans suspected of illegally flowing into the real estate market was 147 million yuan and 305 households.
"The survey of operating loans reflects the different reasons for the different rates of house price increases. Beijing is the most stringent. From the perspective of house price increase, Shenzhen is the first and Beijing is at the end of the first-tier cities, but the most detected operating loans represent Beijing's strongest regulatory policies." Zhang Dawei, chief analyst of Centaline Property, said.
According to the industry, the core reason for the inflow of operating loans into the property market is the spread of interest rates with mortgage loans. A reporter from Beijing Business Daily conducted an investigation in Beijing and learned that the use of mortgage business loans to "replace" housing loans has formed a gray industrial chain. Customers with housing needs can spend tens of thousands of yuan to ask the intermediary to provide information including "packaging shell companies". "One-stop" service, after some "packaging" by the intermediary company, buyers can use the operating loan with the lowest annual interest rate of 3.6% and the longest loan for 30 years to "replace" the mortgage with an annual interest rate of more than 5%.
As business loans illegally entered the property market public opinion fermented, Beijing immediately launched an action. On February 1, news from the official website of the Beijing Banking and Insurance Regulatory Bureau indicated that the Beijing Banking and Insurance Regulatory Bureau required all banks to conduct a comprehensive self-examination of the compliance of newly issued personal consumption loans and personal business loans since the second half of 2020, with a focus on whether they exist Due to imprudent credit approval, inadequate management of entrusted payment, inadequate management of post-loan, etc., consumer loans and operating loan funds are illegally used to pay for house purchases, etc., and banks are required to immediately rectify problems found to strengthen internal accountability deal with.