Express | Shanghai Headquarters of the Central Bank: Maintaining a stable and orderly real estate credit supply to support the reasonable financing needs of real estate enterprises – Xinhua English.news.cn

On May 25, the Shanghai Headquarters of the People’s Bank of China and the Shanghai Banking and Insurance Regulatory Bureau held a symposium on currency and credit work of major financial institutions in Shanghai.

The meeting pointed out that financial institutions should further improve their political position and recognize the importance of doing a good job in the current monetary and credit work from a political perspective. It is necessary to focus on key regions, key areas and key industries, increase the connection between banks and enterprises through various means, and make good project reserves to ensure stable credit growth. It is necessary to accurately grasp and implement various requirements for the prudent management of real estate finance, maintain a stable and orderly allocation of real estate credit, support the reasonable financing needs of real estate development enterprises and construction enterprises, and better meet rigid and improved housing needs.

The meeting called for financial institutions to transmit more and faster central bank policy preferences to market players, and further increase support for industries severely affected by the epidemic and small, medium and micro enterprises. It is necessary to further refine and implement various policies and measures to support small, medium and micro enterprises. For enterprises in difficulty affected by the epidemic, they should not blindly withdraw, cut off, or suppress loans. They should extend the loan period, renew the loan, and adjust the repayment plan. Interest payments can be extended as soon as possible, and loans should be extended as soon as possible, helping enterprises ease financial pressure. Financial institutions should continue to do a good job in market research, focus on increasing effective demand, and provide one-on-one assistance to key existing customers; at the same time, do a good job in protecting the rights and interests of financial consumers.

The meeting emphasized that financial institutions should speed up the work of helping enterprises in bailouts, ensure stable growth of money and credit, stabilize expectations and strengthen confidence, make greater financial contributions to winning the battle to defend the Greater Shanghai, and help stabilize the country’s macroeconomic market.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.