One Body, Two Wings Strategy Upgrade
Mortgage Loan Origination Cycle
and Interest Rate
Policy Loosening and Supportive Measures in Place
Macro Policy
Property market
policy
Credit
Loosening
Relaxed Macro Policy Environment
•
Emphasizes on "stabilizing growth" for 2022.
Prudent monetary policy to be more flexible.
Will refine platform economy supervision to
promote stable development and raise
competitiveness of platform economy.
Will meet reasonable demand of home buyers,
and boost the virtuous cycle of property
market.
Will come up with effective plans to help
defuse developers' debt risks.
Will not expand property tax trial to more
cities in 2022.
Market-supporting measures & practices
•
Normalized loan origination cycle & lowered
mortgage interest rate
30+ Cities issued supportive administrative
measures such as lowering down payment
ratios, and less restrictions over mortgages,
home purchase and sales, as well as
developers' pre-sale proceeds.
Local-level
Supportive
Measures
80
75
70
65
60
55
50
45
40
35
30
202103
202104
202105
202106
202107
202108
202109
202110
202111
202112
202201
Issuance Cycle (Days)
Interest Rate (First Home)
Interest Rate (Second Home)
1.Data of 103 cities attributable to Beike Research Institute
202202
5
贝壳
找房大平台
6.0%
5.8%
5.6%
5.4%
5.2%
5.0%View entire presentation