No Easing of RE Restrictions, May Even Intensify as Beijing Investigates Consumer Loans

Beijing investigators are looking into consumer loan proceeds misappropriated for real estate investment.

iFeng: 楼市调控无松动迹象：反弹激烈地区不排除进一步升级

In early September, Beijing Banking Regulatory Bureau, the People's Bank Business Management Department jointly issued a circular calling for banking financial institutions to carry out checking work for personal business loans and consumer loans, focus on examination of the "room repay loans" and other illegal funds flowing into the real estate market Happening. Beijing Municipal Construction Committee issued a document at the same time, requiring brokers to carry out self-examination irregularities, including the content of "more than a single loan amount of $ 200,000 loans for personal consumption." Subsequently, Shenzhen, Jiangsu, also came news thorough investigation of consumer loans into the real estate market, and ultimately confirmed.

Beijing, Shenzhen and Jiangsu Province, Nanjing, Suzhou, Wuxi and other cities, market regulation are "hot cities": tighter regulation after this year's market trading volume also showed a visible decline. At this point, consumer loans remained "contrarian" to enter the property market, the logic behind the concern. Consumer credit flows thorough investigation of the significance of the signal, the same can not be ignored.

Wind data show that from January to July 2017, residents of the new short-term consumer loans reached 1.06 trillion, up by 713.7 billion and 830.5 billion has been far more than the level of last year. But some consumer loans how many entered the real estate, is hard to estimate.