Among the tens of millions of bank fines, 80% are related to real estate finance, and the strong supervision situation is still going on.

According to the Economic Information Daily on May 25, recently, the central bank, the China Banking Regulatory Commission and other departments have repeatedly "shouted" to maintain a high regulatory pressure on real estate finance. At the local level, financial supervision departments in Guangdong, Hefei and Shenzhen continue to "repair" housing-related credit policies to further curb financial loopholes. Under the keynote of "housing and not speculation", the banking and insurance supervision system is not soft on the illegal transfusion of real estate by credit funds. According to the statistics of flush iFind, since the beginning of this year, the banking supervision system has disclosed 546 tickets issued by banking institutions, with a fine amount of 837 million yuan, of which nearly half of the tickets are related to credit violations related to housing and land. Industry insiders predict that under the background that real estate finance is highly concerned by the regulatory authorities, strengthening the control of the whole process of loans and preventing the illegal flow of funds to real estate will remain the focus of future supervision.

Intensive implementation of real estate financial supervision policies.

Recently, the central and local levels have made intensive voices to increase the regulation of real estate. Many popular cities, such as Shenzhen and Hefei, have made policy patches for many times, plugging capital loopholes and regulating market order have become one of the important contents of many property market regulation policies.

In the past month, the financial regulatory authorities have repeatedly voiced their opposition to real estate finance. Li Bo, deputy governor of the central bank, said at the Wudaokou Global Financial Forum in Tsinghua on May 22nd that we should give full play to the role of macro-prudential policies in structural directional control, and take macro-prudential measures in time to prevent systemic risks in view of potential risks in specific fields such as real estate finance. The China Banking Regulatory Commission issued a document on May 20, saying that it will severely deal with acts of speculation against the wind, seriously disrupting market order and interfering with the transmission of monetary and credit policies. The monetary policy implementation report for the first quarter released by the central bank in May 1 1 reiterated that "houses are not speculation", and clearly stated that land prices, house prices and expectations should be stabilized to maintain the continuity, consistency and stability of real estate financial policies.

In addition, the Rural Banking Department of the China Banking Regulatory Commission recently solicited opinions from various localities on strengthening the supervision of community loans of rural cooperative financial institutions, which emphasized that community loans should not be invested in the real estate industry. The fund industry association recently stopped the filing of real estate supply chain products of fund subsidiaries.

Local financial supervision departments continue to strengthen supervision. For example, the first regular meeting of the local coordination mechanism of the Finance Committee Office (Guangdong Province) indicated that all members of the Guangdong coordination mechanism would strengthen risk monitoring and prevention, and continue to urge financial institutions to strengthen credit compliance management. Zhejiang Banking Insurance Regulatory Bureau recently said that it will strengthen cooperation with relevant local departments and jointly set up special classes to jointly investigate and crack down on all kinds of illegal activities in the real estate sector. Hefei Housing Security and Real Estate Administration issued a document, demanding to strengthen the review of the source of down payment funds, the minimum down payment ratio, the proportion of debt service income and the loan qualification of individual housing loans, and seriously investigate and deal with the illegal flow of operating loans into the real estate market.

First-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen have conducted self-inspection of banks at the request of financial supervision departments, and some cities have also organized supervision and inspection to a certain extent.

Under the guidance of the policy of "implementing the prudent management system of real estate finance", the regulatory agencies strictly supervise the illegal entry of credit funds into the property market and the illegal lending of commercial banks to real estate enterprises. Many bank executives reiterated that they will continue to strengthen the control of real estate loans this year.

Liu Jun, president of Bank of Communications, revealed that investigating personal commercial loans illegally flowing into the housing market is one of the key tasks this year. The next step will be to further strengthen the management of personal business loans. Strengthen trade background review and use monitoring to prevent credit funds from flowing into illegal areas. Lv Jiajin, vice president of CCB, said that it will continue to implement strict list management of real estate development loans, actively carry out project compliance review, and strictly control project investment and fund use.

Many banks were fined heavily for illegal operations.

With the continuous tightening of policies, the supervision of real estate finance is also high. According to the statistics of flush iFind, since the beginning of this year, the CBRC has disclosed 546 fines against banking institutions, with a fine of more than RMB 10, of which 8 fines involved real estate loans, and the total fines related to housing loans exceeded RMB 300 million.

Among them, Huaxia Bank was fined 98.3 million yuan, which was the highest fine. The reasons for the violation involved "illegally providing financing to land reserve projects" and "some wealth management funds illegally investing in land reserve projects". Bohai Bank fined 97.2 million yuan, including "illegally issuing loans to real estate projects with insufficient capital", "illegally issuing land reserve loans" and "illegally issuing loans to real estate projects with incomplete four certificates". Bank of China was fined 876 1 10,000 yuan for "shareholders illegally used wealth management funds to pay land payments or replace land purchase loans" and "illegally used wealth management funds for land reserve projects".

"The recent intensive disclosure of fines by the China Banking Regulatory Commission shows that domestic financial supervision is normalized and there is a' zero tolerance' attitude towards illegal activities in the financial sector." Zhou, an analyst in the financial market department of China Everbright Bank, said.

The regulatory authorities have repeatedly reiterated that misappropriation of bank loans in violation of regulations is strictly prohibited. Why do banks always knowingly commit crimes? Zhou said that this should be found from both ends of supply and demand. On the one hand, the domestic real estate loans are large, the credit lock-up period is long, the interest rate is high and the bank income is stable. The steady rise in house prices makes the collateral relatively safe, the non-performing rate of real estate is low, and the cost of risk control management of bank mortgage is low; On the other hand, some property buyers use bank credit funds to speculate on real estate speculation, and the specific use of funds has problems such as difficult supervision and high cost.

A person from the credit department of the bank told reporters that the regulatory authorities have been strictly supervising the illegal entry of credit funds into the real estate market, but it is not easy to interfere with the use of funds after lending. "Enterprises trying to flow loan funds to real estate often have multiple accounts, and funds flow between multiple accounts, which makes it difficult for the original loan bank to supervise the flow of funds."

Housing-related credit supervision is still the "highlight"

According to industry insiders, the regulatory focus in the banking sector will continue to maintain continuity and stability in the second half of the year. It is expected that the supervision in areas such as credit supply will be further strengthened, and the punishment and early warning will also be strengthened.

Zhou believes that the focus of bank supervision in the second half of the year is still credit business. "The main business of commercial banks' profit contribution is still credit business. In addition, it is difficult for some domestic banks to carry out business in violation of regulations, which requires a process. "

Ren Tao, an investment bank analyst at Xoceco International Bank, said that in the next step, in addition to continuing to prevent all kinds of funds from illegally flowing into the real estate sector, the regulatory authorities may also strictly control the growth rate of real estate loans and increase the risk weight of real estate loans. In addition, on the basis of strictly restricting the credit financing and supply chain financing of real estate enterprises, the equity financing and ordinary bond financing (including US dollar debt) of real estate enterprises are restricted to a certain extent.

Regarding the development of commercial banks under the background of strict supervision, Zhou said that the core competitiveness of commercial banks is to operate steadily, improve risk control ability and continuously enhance financial innovation ability and service quality. Banks should improve the management system, cultivate a corporate culture of legal compliance and steady operation, and further optimize the modern structure.

Ren Tao suggested that banks should actively comply with the regulatory guidance, invest credit resources in small and micro enterprises, manufacturing industries, scientific and technological innovation enterprises and green credit enterprises, and keep the credit weight in areas with clear regulatory guidance rising steadily.