Industrial Bank Quanzhou Branch continues to promote the implementation of the urban real estate financing coordination mechanism
2024-08-24
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The stability of the real estate market is related to the overall situation of stabilizing the economy, people's livelihood, and expectations. At the beginning of 2024, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision jointly issued the "Notice on Establishing a Coordination Mechanism for Urban Real Estate Financing", requiring all cities at or above the prefecture level to establish a real estate financing coordination mechanism, and to push a list of real estate projects that can be financed to financial institutions within their jurisdiction to meet reasonable financing needs and provide financing guarantees.
As a mainstream bank in Quanzhou, Industrial Bank Quanzhou Branch has always practiced the political and people-oriented nature of financial work, attached great importance to it and responded quickly. It established a special working group at the first time, clarified the internal mechanism, strengthened organizational promotion, strengthened the coordination between the front, middle and back offices internally, implemented the green channel for credit approval, and improved the efficiency of project approval. Externally, it closely connected with Quanzhou City's urban financing coordination mechanism, coordinated with relevant departments to carry out project communication and analysis, and effectively met the reasonable financing needs of real estate projects with all-round, multi-dimensional and efficient financial services.
As of August 2024, Xingye Bank's Quanzhou Branch has provided a total of 330 million yuan in credit support to two private real estate companies within the Quanzhou Real Estate Financing Coordination Mechanism, with a total amount of over 90 million yuan, effectively alleviating the financial pressure of private enterprises, and promoting the implementation of the real estate financing coordination mechanism with practical actions, effectively improving the quality and efficiency of financial services.
Elegant project under construction
In the next stage, Industrial Bank's Quanzhou Branch will continue to follow up on the policy progress of the coordination mechanism and, under the guidance of the regulatory authorities, further implement the various work requirements of the coordination mechanism. With a highly responsible spirit and a pragmatic style, it will strictly, practically and meticulously implement the requirements and contribute Industrial Bank's strength to the healthy and stable development of the regional real estate market.
(Photo courtesy of Yazhi)
Source: China Daily
