Comprehensive efforts to implement precise drip irrigation - Bank of China Wuxi Branch bravely takes the lead in implementing the real estate financing coordination mechanism
2024-08-15
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China Jiangsu Net, Wuxi, August 14th. Since the deployment of the urban real estate financing coordination mechanism in January 2024, the Wuxi Branch of Bank of China (hereinafter referred to as: Wuxi Bank of China) has been working hard to implement it, strengthen resource guarantees, optimize the approval mechanism, and accurately support the reasonable financing needs of real estate projects to promote the stable and healthy development of the real estate market.
In order to accelerate the implementation of policies, Wuxi Bank of China has set up a special working group for the real estate financing coordination mechanism, led by the branch's "top leader", and has mobilized key personnel to frequently connect with Wuxi's real estate financing coordination mechanism, actively coordinate with the housing and construction department to approve projects and include them in the list, establish a green approval and issuance channel, and closely cooperate with the front, middle and back offices to greatly improve the efficiency of review and approval, and effectively guarantee the reasonable financing needs of real estate projects. As of the end of July, Wuxi Bank of China has implemented 7 "white list" projects of the coordination mechanism, with an investment amount of 1.12 billion yuan, and the number and amount of supported projects are both among the top in Wuxi's peers.
In the process of promoting a real estate syndicated project, Bank of China Wuxi effectively performed its lead bank duties, strengthened on-site inspection and evaluation of the project, efficiently communicated with the superior bank, actively coordinated with the participating banks, and promoted the accelerated approval and investment of the project. On the basis of successfully obtaining approval for 700 million yuan, it followed up on the investment progress of the participating banks in the same industry, provided materials for the project, supplemented the files for approval, discussed and coordinated the conditions for the syndicate to close, and finally achieved the smooth closing of the 1.15 billion yuan syndicate. By the end of July this year, 230 million yuan had been invested, effectively alleviating the financial pressure of the project.
In the next stage, Bank of China Wuxi Branch will fully play the leading role of a large bank, promote the implementation of the real estate financing coordination mechanism with greater efforts, stronger guarantees and better mechanisms, accelerate the compliance of projects on the "white list", and strengthen the "dare to lend, willing to lend, able to lend, and know how to lend" mechanism in the real estate field, ensure the precise "drip irrigation" of financial "living water", and effectively promote the virtuous cycle of finance and real estate.
