Home » China’s Ministry of Housing and Urban-Rural Development’s media “interprets” Guo Shuqing’s speech “It’s time for real estate speculators to give up their illusions” | Reuters

China’s Ministry of Housing and Urban-Rural Development’s media “interprets” Guo Shuqing’s speech “It’s time for real estate speculators to give up their illusions” | Reuters

by admin

Reuters, Beijing, June 12-The China Real Estate News, headed by the Ministry of Housing and Urban-Rural Development of China, published a Saturday titled “It is time for real estate speculators to give up their illusions.” In a sense, from cracking down on business loans to anti-money laundering, When it comes to the restrictions on bridge loans, the current round of property market regulation has actually entered a stage of in-depth gaming and landing; it is foreseeable that the activity of the property market will be restrained to a certain extent in the short term, and housing price growth will inevitably enter a cycle of low speed and shock adjustment.

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at the Lujiazui forum a few days ago, “Those who speculate on foreign exchange, gold and other commodity futures will hardly have the opportunity to make a fortune, just like those who bet that house prices will never fall will eventually pay a heavy price.”

“It should be said that Guo Shuqing’s remarks and thoughts represent the views of the high-level. Therefore, every speech reveals or hints at a certain future wind direction. Looking back at each of his words, the regulation and control actions against the property market are quietly echoing. “The real estate newspaper article said.

The article pointed out that despite strong regulation and financial tightening, hidden worries in the property market still exist. Especially with the upgrading of property market regulation and supervision, the chaos of various capital forces and various financial means in the property market arbitrage has gradually been exposed.

See also  Brazilian assistant coach of the national football team: Exxon is very gregarious and good at boosting team morale – yqqlm

Improving the intensity of financial supervision, cutting off the financial black hands that extend to real estate transactions, and cracking down on leveraged real estate speculators have become the inevitable trend of regulating the deep water zone.

The financial supervision of real estate has increased from traditional commercial banks to financing guarantee companies, conveying the direction of further upgrading of financial supervision. “Next, financial regulators will firmly stick to the lifeblood and source of funds for housing speculation.” The article said.

The article believes that, combined with the current rise in housing loan interest rates, strict inspections of operating loans, and upgrading of supervision to financial institutions, it is not difficult to imagine that the next property market may continue to decline.

“(Guo Shuqing shouts “heavy price”) The core is to send a signal: the regulators are very confident in the future real estate price control, and it is not ruled out that there will be policies that will be introduced. Real estate as a tool for asset appreciation arbitrage, It’s about to end officially.” The article said, “It is time for the lucky real estate speculators to give up their illusions and face reality.”

China’s real estate market remained hot in April. In the same month, the increase in housing prices in 70 cities hit an eight-month high year-on-month. On the other hand, signs of cooling are also emerging. The number of cities with new and second-hand housing prices is flat and down compared with the previous month. First-tier cities The second-hand housing market has begun to recede, and new real estate construction and sales data have also dropped significantly from previous values. (Finish)

.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy