Home > CNBC >                 text

Party newspaper: Seven ministries and commissions join hands to manage the chaos of the property market, do not leave room for speculation in the property market

June 30, 2018 07:50
source: People's Daily Overseas Edition
edit:Eastern Fortune Network

Oriental Fortune APP

  • Convenient
  • Mobile phone viewing financial news
  • Professional, rich
  • Master the pulse of the market

Read articles on your phone

  • prompt:
  • WeChat sweep
  • Share it to you
  • Circle of friends
Summary
[People's Daily Overseas Edition: No room for speculation in the property market] Recently, the Ministry of Housing and Urban-Rural Development, together with the Central Propaganda Department, the Ministry of Public Security, the Banking Regulatory Commission and other ministries and commissions, jointly issued the "Promotion on the Prevention of Infringement of the Interests of the Masses in Certain Cities and the Management of the Real Estate Market." Like the Notice of Special Actions, it is decided to carry out special actions to control the real estate market chaos in 30 cities including Beijing, Shanghai, Tianjin and Shenzhen from the beginning of July to the end of December 2018. In this regard, analysts believe that this action not only targets the rising trend of the real estate market in some areas, but also shows that the position of “the house is used for living, not for speculation” will not change. Therefore, any illusion that China actively takes the initiative to relax the regulation of the property market and let the speculators have the opportunity to take advantage of it is unwise. (People's Daily Overseas Edition)

Recently, the Ministry of Housing and Urban-Rural Development, together with the Central Propaganda Department, the Ministry of Public Security, the Banking Regulatory Commission and other ministries and commissions, jointly issued the "Notice on the Special Campaign to Combat the Infringement of the Interests of the Masses in the Real Estate Market in Some Cities", which was decided in early July 2018. By the end of December, 30 cities including Beijing, Shanghai, Tianjin, and Shenzhen will carry out special campaigns to control the chaos in the real estate market. In this regard, analysts believe that this action not only targets the rising trend of the real estate market in some areas, but also shows that the position of “the house is used for living, not for speculation” will not change. Therefore, any illusion that China actively takes the initiative to relax the regulation of the property market and let the speculators have the opportunity to take advantage of it is unwise.

 Seven ministries and commissions joined forces to manage the chaos in the property market

As the saying goes: "There is no rule, not a square." The real estate market is related to the steady development of the economy and the welfare of the people, and it is impossible to disturb.

According to the "Notice" jointly issued by the seven ministries and commissions such as the Ministry of Housing and Urban-Rural Development, this special action mainly includes four aspects: First, combating the manipulation of house price rents, reluctant sales, fabrication of false information, manufacturing illusion of housing, driving up house prices, and providing illegal regulations. The second is to crack down on violent evictions of tenants, bundle fees, yin and yang contracts, compulsory agency services, encroachment on client funds, and participate in speculative real estate “black intermediary”; Disguised fare increase, one-room multi-sale, overlord clauses, price fraud and real estate development enterprises that restrict the use of provident fund; fourth, crack down on false real estate advertisements by publishing false listings and price information, making false promises, and misleading buyers.

The "Notice" requires that the masses should be widely mobilized to monitor the channels for complaints and complaints. The typical cases with strong public opinions and outstanding problems should be listed and supervised, the results of investigations should be announced in a timely manner, and social concerns should be reported in an effort to build a situation in which the real estate market is co-management.

At the same time, the relevant person in charge of the National Development and Reform Commission also pointed out that in the past two years, the scale of foreign debt issuance of some enterprises, especially real estate and local government financing platforms, has increased. The competent authorities hope to encourage enterprises to raise funds for external debt to support innovation development, green development, emerging industries, and high-end manufacturing.

"The room does not fry" the tone remains unchanged

"On the one hand, the real estate market is affecting many fields such as building materials, decoration, home, finance, etc., which plays an important role in the smooth and healthy operation of the economy; on the other hand, real estate is also an important area of ​​people's livelihood, which is related to the lives of thousands of families. Recently, the property market in various parts of China has indeed exposed many problems and hidden dangers. Therefore, it is very necessary for the relevant competent authorities to timely deal with market chaos and accumulations.” Renmin University of China Finance Zhao Xijun, deputy dean of the college, said in an interview with this reporter.

In the view of market participants, the recent incitement of the real estate market in some regions has a lot to do with the talent attraction policy. The data shows that more than 35 cities have issued more than 40 talent attraction policies in the first five months of 2018.

Zhongyuan Real Estate ChiefAnalystZhang Dawei pointed out that at present, the talent policy of most cities can be settled directly, lowering the threshold for purchasing houses, bringing about the rising expectations of the real estate market, and increasing the possibility that speculators will take advantage of the talent policy. Zhang Dawei believes that attracting talent cannot simply become a buyer.

In fact, after discovering that the talent policy may bring opportunities for real estate speculators, many cities have further introduced rules to further highlight the basic positioning of “the house is used for living, not for speculation”. . For example, Changsha proposed that in the restricted purchase area, the commercial housing purchased by the individual must obtain the immovable property ownership certificate for 4 years before it can be listed and traded; Xi'an's latest regulation and control policy requires that the enterprises and institutions and other institutions be suspended within the scope of the housing purchase restriction. The agency sells commercial housing and second-hand housing.

Healthy development is good for the long term

Not long ago, the "Analysis Report on the Development of China's Housing Market" issued by the Chinese Academy of Social Sciences showed that from January to May 2018, the real estate control policies were issued 159 times across the country. Experts predict that the property market regulation will continue to show a tightening trend in the second half of the year, and the accuracy of regulation will be further improved.

The seven ministries and commissions manage the property market chaos, including first-tier cities such as Beijing and Shanghai, as well as a large number of second- and third-tier cities such as Xi'an and Yichang. Yan Yuejin, research director of the Yiju Research Center think tank, believes that this shows that there is no sign of relaxation in the current property market regulation, and local governments should not slack off, but actively manage to let the property market truly enter a stable development trend.

“Now, China has a clear positioning for the real estate market, that is, to meet the actual housing needs, rather than speculation. In practice, the various chaos in the real estate market has pushed residents to buy or rent houses for living. Cost, resulting in a small number of groups profit, but the relationship between supply and demand is distorted, market price distortion, market expectations are chaotic. The Ministry of Housing and Construction and other ministries and joint management, is the source of the problem, to eliminate the drawbacks, and ultimately promote the healthy development of the real estate market." Zhao Xijun said .

At the same time, the Monetary Policy Committee of the People's Bank of China also re-emphasized the “stable monetary policy to remain neutral” in the second quarter of 2018, “regulating the main gate of money supply”, “optimizing the financing structure and credit structure” and “improving the financing structure”. The policy tone of financial services, such as the economic capabilities of the entity. The analysis believes that this also released a signal to stabilize real estate regulation.

                (Editor: DF392)

you might be interested
  • News
  • stock
  • global
  • Hong Kong stocks
  • US stocks
  • futures
  • Foreign exchange
  • life
                click to see more
No more recommendations
  • name
  • Latest price
  • Quote change
  • Hand turnover rate
  • Capital inflow
Please download Oriental Fortune products to see real-time quotes and more data.
Click ranking
Solemnly declare:Oriental Fortune.com publishes this information to disseminate more information and has nothing to do with the position of this website. Oriental Fortune Network does not guarantee the accuracy, authenticity, completeness, validity, timeliness, originality, etc. of all or part of this information (including but not limited to text, data and graphics). The relevant information has not been confirmed by this website, and does not constitute any investment advice for you. According to this operation, the risk is at your own risk.