Banking Regulatory Commission: will check the management of real estate development loans and land reserve loans

 August 9th, recently, the General Office of the China Insurance Regulatory Commission issued the “Notice of the General Office of the China Banking Regulatory Commission on Launching the Special Inspection of Banking Real Estate Business in 2019”. In terms of the management of real estate credit business, the main points of inspection include: First, the credit policy and internal control implementation of the real estate business. The second is the management of real estate development loans and land reserve loans, including concentration management, verification of the authenticity of capital sources, implementation of the minimum capital ratio requirements, corporate qualification review, etc., as well as illegal financing of the “four certificates” incomplete projects. The third is the management of personal housing loans, including the implementation of differentiated credit policies, the implementation of minimum down payment ratio and limit loan policy requirements, fulfilling the authenticity of down payment funds and the assessment and inspection of loan applicants’ solvency. The fourth is the housing lease loan. (China Securities Network)