After the Spring Festival, the supervisory ticket came to the door. One of the reasons for the fine was that loans flowed into the real estate market in violation of regulations. The targets of punishment were four banks in Taizhou, Zhejiang. Recently, the Zhejiang Banking and Insurance Regulatory Bureau announced four fines on its official website. The penalty decision issued by the Taizhou Branch of the Bureau showed that four local banks were fined a total of 3.31 million yuan due to loans being embezzled for real estate speculation and flowing into the stock market. The penalty notice was issued on February 22, and the announcement time was on February 26 and March 2. Coincidentally, just one day after these banks were fined, Hangzhou issued a notice on March 3, prohibiting business loans and consumer loans from illegally flowing into the real estate market.
In addition to Taizhou, many banks in Shaoxing, Quzhou, Huzhou, and other places have also been punished by supervision for the same reason since the end of last year. Over the same period, the supervision of Jiangsu, Sichuan, Chongqing, and other places also imposed penalties on many banks due to the illegal inflow of consumer loans and business loans into the property market. Previously, Beijing, Shanghai, and Guangdong have successively introduced measures to contain the operation of loan speculation in real estate. With the tightening of supervision, it is no easy task to obtain business loans for real estate speculation. According to a survey conducted by a reporter from China Business News, the level of operating loan interest rates has shown an upward trend. The operating loan interest rate of some banks has reached about 5%, which has no advantage over housing mortgage loan interest rates Spark Global Limited.
Containing business loans and real estate speculation
On March 3, Hangzhou issued a notice stating that it is strictly forbidden to issue personal business loans and consumer loans for the down payment or repayment of the down payment loan funds; strictly review the authenticity of personal business loans and consumer loans, and strengthen post-loan fund management. Prevent business loans and consumer loans from flowing into the real estate market in violation of regulations. In terms of specific management, Hangzhou requires financial institutions to strengthen the review of customer qualifications and credit status, pay attention to the time when customers obtain the qualifications for operating loans, the first source of repayment, and prudently issue personal operating loans applied for as the actual controller of the enterprise. The borrower is required to provide tax information at the time, and the collateral valuation shall not be used to replace the borrower’s income review. Customers who have recently applied for personal housing mortgage loans or purchase houses should be cautious in granting personal business loans; if financial institutions find that the borrower obtains illegally Intermediaries that provide “bridge” funds for operating loans and package the qualifications of borrowers with “shell companies” should immediately terminate their cooperation.
Although no banks in Hangzhou have been punished yet, Taizhou, Shaoxing, Quzhou, Huzhou, and other places have begun to contain business loans and consumer loan speculation. In recent months, many banks have received regulatory fines. Just a few days ago, Four banks in Taizhou were fined for this. According to information from the Zhejiang Banking and Insurance Regulatory Bureau, on February 26 and March 2, 4 banks including Ping An Bank Taizhou Branch and Tiantai Rural Commercial Bank were mismanaged due to poor post-loan management, the loans were embezzled for real estate speculation and flowed into the stock market. A total of 3.31 million yuan was fined for supervision, and Tiantai Rural Commercial Bank, the most severely punished, was fined 940,000 yuan.