China Singapore Jingwei, February 6, according to the website of the State Administration of Financial Supervision and Administration, on February 6, the State Administration of Financial Supervision and Administration held a special meeting to further deploy and implement the work related to the urban real estate financing coordination mechanism.

The meeting stressed the need to further enhance the understanding of the significance of establishing a coordination mechanism for urban real estate financing. Recently, positive progress has been made in relevant work. Most cities have established urban real estate financing coordination mechanisms, put forward a "white list" of real estate projects and pushed it to commercial banks. Commercial banks have responded positively, effectively docked the project list, and provided a batch of new financing and loan extension to meet the reasonable financing needs of different real estate projects.

The meeting required that all regulatory bureaus should set up special work teams, actively strengthen cooperation with local governments and housing construction departments, actively participate in the work of the coordination mechanism, and timely grasp the operation of the coordination mechanism in the cities under their jurisdiction. Guide and urge the banks within the jurisdiction to improve the system and process, and try their best to meet the reasonable financing needs. All regulatory bureaus should summarize good experience and practices and strengthen replication and promotion in accordance with the requirements of the coordination mechanism. The existing problems and blockages should be reported in a timely manner, and the coordination mechanism should be carefully studied and practically solved to help the steady and healthy development of the real estate market within the jurisdiction.

The meeting required that all commercial banks should take the initiative to connect with the coordination mechanism, review the list of real estate projects pushed in time, speed up credit approval, and achieve "full and adequate" for reasonable financing needs. Each commercial bank should establish a special working mechanism internally, optimize the loan approval process, refine the due diligence exemption provisions, guide and urge each branch to strengthen the investigation of real estate projects under its jurisdiction, and fully grasp the situation. For matters that need to be solved through coordination, timely report to the coordination mechanism and promote the solution. (Zhongxin Jingwei APP)