Banking, insurance and regulatory talks to ensure just need: support the down payment ratio and interest rate of first-time home buyers.

10 10/2 1 day, Liu, head of the statistical information and risk monitoring department of the China Banking Regulatory Commission, said at the press conference held by the State Council Office that the CBRC firmly adhered to the positioning of "houses are for living, not for speculation" and firmly implemented the requirements of the long-term real estate mechanism around the goals of "stabilizing land prices, housing prices and expectations"

Liu said that it is necessary to urge banks to implement the regulatory requirements for real estate development loans and personal housing loans, and cooperate with the People's Bank of China to implement the centralized management system for real estate loans, so that the growth rate of real estate loans will slow down steadily.

"Protect the credit needs of just-needed groups." Liu stressed that it is necessary to support first-time buyers in terms of loan down payment ratio and interest rate. At present, more than 90% of bank personal housing loans are first home loans.

Liu also pointed out that violations of laws and regulations should be severely investigated. The CBRC, together with the Ministry of Housing and Urban-Rural Development and the People's Bank of China, jointly issued the Notice on Preventing Operating Loans from Illegally Flowing into the Real Estate Sector, guiding all localities to carry out special investigations and do a good job in rectification and accountability for violations. The illegal inflow of operating loans into the real estate sector has been effectively curbed. Carry out a four-year special inspection of real estate nationwide and punish the violations found according to law.