News from our newspaper (reporter Liu Qi) On April 16, the reporter of Securities Daily learned that by the end of March, commercial banks had completed the review of all the first batch of "white list" projects pushed by the urban real estate financing coordination mechanism, of which the number of approved projects exceeded 2100, with a total amount of more than 520 billion yuan. Some unqualified projects have been fed back to the coordination mechanism.

In order to promote the steady and healthy development of the real estate market and more accurately support the reasonable financing needs of real estate projects, in January this year, the Ministry of Housing and Urban Rural Development and the State Administration of Financial Supervision and Administration (hereinafter referred to as the "State Administration of Financial Supervision and Administration") jointly issued the Notice on Establishing a Coordination Mechanism for Urban Real Estate Financing. Since the establishment of the coordination mechanism, the State Administration of Financial Supervision has held four work deployment meetings to promote the implementation, proactively dispatched the progress of work ahead, and strengthened communication and cooperation with the housing and urban and rural construction departments. At the same time, guide commercial banks to formulate working rules, actively do a good job of docking, and effectively improve the timeliness of project implementation.

According to the reporter, for the "white list" project pushed by the coordination mechanism, commercial banks adhere to the principles of marketization and legalization, strictly do a good job of "three checks" on loans and project feasibility assessment, and conduct a comprehensive demonstration in combination with their own business conditions and risk tolerance to effectively control risks. For projects that meet the credit conditions, the bank establishes a green channel throughout the process for priority acceptance and rapid approval to improve the efficiency of project implementation. For projects with temporary problems, commercial banks shall report and feed back to the coordination mechanism in a timely manner, and the coordination mechanism can push them to the bank again for review after solving the problems. For projects that do not meet the relevant conditions, the coordination mechanism will remove them from the push list if there is no actual financing demand for the project, or if the project company has problems such as bankruptcy reorganization, seizure and freezing, major violations of laws and regulations, and evasion of financial debts.

The State Administration of Financial Supervision said that the smooth progress of the first batch of "white list" projects strongly supported the completion and delivery of real estate projects. Driven by the coordination mechanism, some projects that might have been shut down but have been partially sold have received financial support, which has played a positive role in enhancing residents' confidence in buying houses and stabilizing the real estate market. The coordination mechanism focuses on projects under construction, effectively relieves the liquidity pressure of real estate enterprises, helps real estate enterprises return to their main responsibilities, and builds and completes houses. At the same time, the coordination mechanism has also significantly improved the willingness of financial institutions to lend. Through the establishment of a closed-loop management and risk control process of "borrowing, management and repayment" of credit funds, banking institutions have clearly defined the requirements for dutiful exemption, eliminated the worries of grassroots credit personnel, and effectively improved the enthusiasm of financial institutions to "dare to lend, willing to lend".

It is reported that, in the next step, the State Administration of Financial Supervision will work with the Ministry of Housing and Urban Rural Development to further promote the implementation of the urban real estate financing coordination mechanism, accelerate the implementation of the follow-up batch of "white list" project financing, pay close attention to the operation of the financing coordination mechanism in various regions, improve the supporting system, and urge financial institutions to effectively prevent risks, Actively support to meet the reasonable financing needs of real estate projects and enterprises.