Recently, the news that the regulatory authorities have strengthened the regulation of the real estate trust business has affected the nerves in the trust industry and the real estate sector. The Banking Regulatory Commission also made the latest response last weekend.
On July 6, the relevant person in charge of the China Insurance Regulatory Commission said in an interview with the Securities Times reporter that in response to the recent rapid growth of some real estate trust businesses, the Bank of China’s Insurance Regulatory Commission has issued an interview warning requesting these trusts. The company enhances the overall situation awareness, strictly implements the general requirements of “household and non-speculation”, and strictly implements the real estate market regulation policy and current real estate trust supervision requirements.
Data show that as of the end of May 2019, the balance of real estate trust assets was 3.15 trillion yuan, accounting for 14.00% of the total balance of trust assets; an increase of 166.597 billion yuan from the beginning of the year, an increase of 15.15%.
"Although the 15.15% year-on-year growth rate is not the highest in history, some trust companies' real estate trust business has grown rapidly. Some real estate trust businesses have certain compliance problems and risk risks, which have caused us to attach great importance. We hope that real estate The trust business can develop smoothly in the long run and avoid big ups and downs," said the person in charge.
The person in charge said that the Party Central Committee and the State Council have always attached great importance to the development of the real estate market and demanded that the "house is used to live, not for speculation" fundamental positioning, "one city, one policy, due to urban policy" to carry out regulation and control, Ensure the stable and healthy development of the real estate market.
In fact, before the regulatory authorities conducted risk warnings on the real estate trust business of individual trust companies, the real estate trust industry has shown signs of tightening financing. This is mainly due to the self-adjustment of the trust company after the release of the《关于开展“巩固治乱象成果，促进合规建设”工作的通知》(Yinbao Jianfa  No. 23) by the China Insurance Regulatory Commission.