Zou Lan, Director of the Central Bank ’s Financial Market Department, said at a press conference on April 10 that since 2016, the central bank has worked with relevant financial management departments to stabilize land prices in accordance with the deployment requirements of the Party Central Committee and the State Council ’s long-term real estate control mechanism 1. The goal of stabilizing house prices and stabilizing expectations has done some work, mainly to suppress excessive capital flows to the real estate industry, and has achieved relatively obvious results.
According to reports, the year-on-year growth of real estate loan balance in 2019 was 14.8%, a decrease of 5.2 percentage points from 2018 and a decrease of 10 from the highest point in 2016 Several percentage points, the proportion of new real estate loans in the increment of various loans also fell from the highest 44.8% in 2016 to 41.1% in 2017, 39.9% in 2018, and further decreased to 34% in 2019.
“In this process, we have always paid great attention to maintaining the stability, continuity and consistency of the policy.” Zou Lan said that the real estate industry is characterized by A capital-intensive industry, and the cycle is very long, in this case, companies may have to make judgments about the future market based on market changes and policy changes, and then decide the behavior of investment and sales.
“In this case, the” three stable “tone is particularly important in stabilizing expectations. If the expectations are not stable, it will hurt the economy more. So the following One step is to follow the general requirements and spirit of the central government and do related work around the goal of “three stability.” Zou Lan said.