The CBRC Will Monitor The Risk Of Real Estate Trust &Nbsp Month By Month; Tighten The New Rules.

Tightening up real estate trust The new regulation of business is still just the rumor in the market, and the risk of regulators to the real estate trust business. Monitor The work has begun quietly.

In May 16th, the reporter obtained relevant information, and the CBRC recently requested monthly monitoring of the real estate trust. risk 。

Monthly monitoring of risks

Just to declare or to be true?

The notice, entitled "monthly report on the risk monitoring of real estate trust business", pointed out that in order to do a good job in the risk prevention of trust companies' real estate trust business and ensure the smooth operation of the real estate trust business, the trust companies should send the risk monitoring form to the real estate trust business according to the monthly report and complete the form before the 7 day of each month.

It is understood that the first phase of the real estate trust business risk watch has been reported before May 12th.

The "real estate trust business risk monitoring table" issued by the CBRC (hereinafter referred to as the "monitoring table") shows that in addition to requiring the property, scale, maturity date, capital utilization mode, and real estate project type of the real estate trust project, it also requires to fill out the source of funds and whether there is any bank financing fund. If so, it is necessary to specify the specific amount.

The monitoring table requires that risk control should be detailed about mortgage or guarantee measures. Not only trust companies should give judgement on project risks, but also regulators should make judgments on the risks of project maturity. It is noteworthy that the monitoring table is particularly careful for the division of project risks, and is divided into five levels according to the repayment funds.

A trust industry told this reporter: "the risk of real estate trust is not as serious as expected, this measure is mainly to match the overall atmosphere of real estate regulation, make a statement."

In August 2010, the CBRC issued the notice on regulating matters related to bank credit and financial cooperation business, and implemented the proportion management of the trust company's financing and banking credit cooperative financing business, that is, the proportion of the financing business balance to the balance of the credit and financial cooperation business should not exceed 30%. The trust company whose proportion has exceeded the standard shall immediately cease to carry out the business until the prescribed percentage requirement is met.

The industry said: "the proportion of real estate trust financing for the entire real estate financing is not large."

Li Yang, chief analyst of usufructuary trust, told reporters that the CBRC's monitoring of the real estate trust business was mainly for two purposes: first, to understand the current situation of real estate trust financing; two, to control and control risks.

An insider of a trust company told our reporter that the company had received notice from the CBRC, but the duration of the policy is unknown.

Li Yang expects to report all the data on a monthly basis, which is a short-term policy. "After all, it is a sensitive period for the regulation of the property market. If the big turning point comes, it will cause a great impact on the real estate trust fund." He believes that "it is very necessary for regulators to make such daily tracking. We should keep vigilance against the risks of expanding risks, and make up for it when we get out of trouble."

Tightening policy is available.

In early May, the Banking Regulatory Commission (CBRC) issued a new regulation to tighten the real estate trust business.

This newspaper learned from authoritative channels that the annual yield of real estate trust products has reached about 20%. The risk of brewing in high yield has also attracted the attention of regulators.

In May 6th, Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), said that in the prevention and control of real estate credit risks, it is necessary to scientifically support the construction of affordable housing in line with the principles of marketization and prudent operation, closely monitor and strengthen the judgment of the current real estate market, strengthen the supervision of real estate trust business, and promote communication and sharing with local housing departments.

China Trust Industry Association data show that as of the end of the first quarter of 2011, new real estate trust 71 billion 98 million yuan. In the same period last year, the figure was 63 billion 144 million yuan, and the number of new real estate trusts increased by 12.6% in the first quarter of this year.

For the regulatory authorities have not yet issued a specific policy to tighten the real estate trust business, Beijing Banking Regulatory Bureau official told our reporter that the possibility of introducing policies to tighten the real estate trust business is there.

People in the industry analyzed this reporter, the introduction of specific policies mainly depends on two aspects, one is based on the data statistics, and the two is the consensus reached by regulators.

During the "two sessions" in 2011, Cai Esheng, vice chairman of the China Banking Regulatory Commission, said in a media interview that the real estate trust only supports investors' demand for funds in projects, and does not play a key role in supporting housing prices. The CBRC has never stopped the real estate trust business, and has been regulating the real estate trusts. Therefore, there is no question of restarting the real estate trust.

Five level classification of project risks

1 class representatives, the first repayment source has ample liquidity and no liquidation obstacles;

(2) the first repayment source is unstable, and it is likely that second repayment sources will be needed to supplement liquidity.

(3) the first source of repayment is insufficient liquidity, which requires repayment of second repayment sources.

(4) the second level of repayment represents unstable liquidity and may require additional sources of repayment to supplement liquidity.

The 5 level represents the source of the existing repayment, which lacks liquidity and requires repayment from other sources of repayment (for a project without a second repayment source, if the source of the first repayment is insufficient, it is identified as a 5 level risk).