On August 28, the People's Bank of China and the China General Administration of Financial Supervision and Administration jointly issued “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model of Real Estate Development”, and simultaneously issued the “Administrative Measures on Personal Housing Loans”. The new regulations made major adjustments to various rules for personal housing loans. The implementation of the new policy coincides with the “gold nine silver ten” traditional sales nodes in the property market. The reporter learned that at this stage, major state-owned banks and joint stock banks rely on offline channels, and account managers face to face verification of housing purchase qualifications, housing materials, and borrowers' income and credit information to ensure the implementation of business compliance. Wang Pengbo, chief analyst at Broadcom Consulting, told reporters that the implementation strategies of different types of banks are clearly divided, essentially due to significant differences in asset structure and risk appetite. Major state-owned banks have large mortgage stocks, higher real estate-related risk exposure, and business promotion focuses more on risk control and steady implementation of compliance; while small and medium-sized commercial banks are deeply involved in the local market, credit investment space is relatively limited, and retail credit is under pressure, so they will take advantage of this new policy window to actively increase publicity to actively expand housing credit customers and revitalize retail business.

On August 28, the People's Bank of China and the China General Administration of Financial Supervision and Administration jointly issued “Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Accelerated Construction of a New Model of Real Estate Development”, and simultaneously issued the “Administrative Measures on Personal Housing Loans”. The new regulations made major adjustments to various rules for personal housing loans. The implementation of the new policy coincides with the “gold nine silver ten” traditional sales nodes in the property market. The reporter learned that at this stage, major state-owned banks and joint stock banks rely on offline channels, and account managers face to face verification of housing purchase qualifications, housing materials, and borrowers' income and credit information to ensure the implementation of business compliance. Wang Pengbo, chief analyst at Broadcom Consulting, told reporters that the implementation strategies of different types of banks are clearly divided, essentially due to significant differences in asset structure and risk appetite. Major state-owned banks have large mortgage stocks, higher real estate-related risk exposure, and business promotion focuses more on risk control and steady implementation of compliance; while small and medium-sized commercial banks are deeply involved in the local market, credit investment space is relatively limited, and retail credit is under pressure, so they will take advantage of this new policy window to actively increase publicity to actively expand housing credit customers and revitalize retail business.