Property market lags behind the New Deal effect on April mortgages strong growth in Guangdong

May 11, a bank industry data, 4 the end of the chain in Guangdong Province 95 billion new yuan loans, up 357.3 billion more than the beginning. On a single month, the increment in April after January's 160.6 billion. In terms of foreign currency caliber, April loans up 878 500 000 000, Guangdong, the chain increased 40 billion more.

April is not only the first month of the second quarter, and is the property issued by the New Deal first month, but down side is the volume of real estate around the one hand, is involved in banking, "housing" loans still strong. 4 At the end of the additional 95 billion in Guangdong, loans, personal loans and fixed assets and long-term loans (mainly for development loans) a total increase of 58.4 billion, accounting for more than Liu Cheng.

And development loans for a credit of up instead of down, macroeconomic analyst at Standard Chartered Bank, Yan Jin believes that the New Deal real estate released late in April, the Executive and the market needs to digest certain period of time, the impact of the credit contraction has delayed effects. On the contrary, in the next monetary policy tightening is expected, the development of credit will have to strike first month of the phenomenon 4,5.

Guangdong Agricultural Bank of China before the April increments up to a credit

According to the World Union Properties city monitoring data, as of May 2, "New Country 10" 15 days before and after introduction of the Beijing Yi Shoufang market turnover, decreased by 38%, average transaction price, decreased 17%; Shenzhen Yi Shoufang market transactions volume, decreased by 76%, Guangzhou Yi Shoufang market turnover, decreased by 20%, average transaction price has not decreased.

In the New Deal in real estate, mortgage loans are the focus of regulation. However, industry data show that in April in Guangdong were loans (medium and long term) growth remained strong in April added a 1-credit were 42.7 billion, 17.2 billion, 15.7 billion and 234 billion in April as the second monthly column.

In this regard, Yan Jin believes that the new state 10 focused on loans for more than three suites, plus a time effect, so a credit will not be immediate area of the shrinkage.

In the sector, personal loan market of Guangdong in April to continue to work in agriculture, in the main building, ICBC, China Construction Bank added 5.9 billion tied to the first, Bank of China, Agricultural Bank of China were up by 1.8 billion and 4.9 billion.

Although the Agricultural Bank of China in April increment inferior to ICBC and CCB, but the increment in the January-April comparison, ABC has 23.7 billion won to the top, the ICBC to 18.3 billion in the second row.

ABC has always been the performance of loans in a "stable", why is this suddenly a "dark horse"? May 11, Agricultural Bank of China Guangdong Branch have told this reporter that a large area within the Agricultural Bank in early marketing mobilization, personal business, such as mortgages, consumer loans, take a more flexible and the rates determined to enhance market share.

Data, four at the end, engineering, agriculture, in construction of four rows of a credit balance was 214.3 billion, 138.1 billion, 194.1 billion and 162.5 billion, the fifth of China Merchants Bank balance of 76.1 billion.

Guangzhou, the Group Marketing Director of a mortgage in a credit increments, the 1,2 month ICBC, Bank of China, the fastest growth, with the current line of credit will do, mostly loans contracted in March, but the amount is more relaxed this time ABC , and continue to implement practices such as 30% interest rate to float downward, so traffic surge.

Fall into the inevitable development loans

In the reference "room" loans, development loans accounted for the bulk of doubt.

From January to April, fixed asset loans Guangdong add 38.4 billion, 28.6 billion, 29.3 billion and 330 million, compared to a more stable credit growth.

May 11, a branch of Shenzhen Development Bank told reporters in the state policy of tight real estate background, although compressed high-profile regulatory development loans, but banks from the perspective of risk control development loans will be gradually tightened.

In the January-April the new fixed asset loans, the top three Bank of China, Agricultural Bank of China and ICBC increased 17.2 billion, 16.2 billion and 126 million, while fourth place additional 9.5 billion Industrial Bank, an increase of more than 100% .

By contrast, some real estate sector reflects the "out loans too badly."

May 11, Radio One chief financial officer, said real estate company, as sales of capital return last year, despite the April sales in general, funds fairly loose. However, the wind came from the bank, if house prices fell after 2-3 months is not in place, the next step would be to use this tool for development loans.

The source said the end of the first quarter and is most abundant during development loans, second and third quarters are more intense, if three quarters of the development of more stringent restrictions on lending, it will be bad days too.

At the end of April, the Society of Guangdong Province issued a quarterly real estate analysis reports that investment in real estate development in Guangdong in place around the capital and last year had a big increase over the same period, of which western Guangdong the largest increase, up 71.8%; Guangdong East, northern Guangdong rose by 54.8% year on year and 59.4%; the Pearl River Delta grew by 30.3%.

Total development investment capital from the place the proportion of situation, the Pearl River Delta, East And West were more than 200%, relatively abundant capital; Yuedong to 149.1%. Compared to last year, the region accounts for development investment capital in place to improve the proportion of both.

And Yan Jin believes that the current related to "housing" loans up to a certain extent than expected, but in April as a quarter of the first month, including Bank of impulse and motivation. I believe real estate loans of the New Deal will be gradually revealed in the following month.

The BOC International analyst Yuan Lin also believes that with the decline in trading volume, developers are waiting to see, so real estate development project will reduce, leading to the development of weak loan demand. Therefore, the decline in new development loans is a matter of time.

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