Rebirth of financial migrant workers

Chapter 143: Repairing the Plank Road (Part )

November 11, the second day of Wang Chunliang’s trip to the imperial capital.

The eldest lady hid behind her grandfather and witnessed with her own eyes the tragic situation of the arrogant President Ning being scolded by Mr. Ning. Fortunately, her uncle Nong Ruxin arrived in time to save President Ning.

What surprised the eldest lady was that her uncle, who was busy at work and often worked overtime on weekends, came to visit because of his boyfriend.

She lay outside the door and eavesdropped for a while. It turned out that she was thanking Wang Chunliang for providing key information, investigating and punishing major violations of the construction machinery mortgage loan of Huada Bank in one fell swoop, and successfully completing the 2009 annual fine task of the Bank Supervision Department II.
Later, the eldest lady heard that Wang Chunliang tactfully declined her uncle's invitation to host a banquet, but instead asked for an internal document, which seemed to be about some supervision account.
At this moment, the eldest lady was sitting in the auditorium. Only when she heard Wang Chunliang say "supervised account" on the stage did she finally understand the purpose of what he had done.

Now there are less than 20 minutes left before the end of the loan review meeting. It has reached the most critical moment of the decisive battle. Wang Chunliang used this big killer weapon.

He pointed to the large projector screen: "I asked for such a document from a certain leader in the imperial capital, which is about the supervision of pre-sale funds for commercial housing."

Zhuge Yue interrupted: "When was this document issued? Why haven't we seen it before?"

Wang Chunliang: "It has not been made public yet. If nothing else happens, all head office leaders should receive this document jointly issued by the Ministry of Housing and Urban-Rural Development, the Central Bank and the National Banking Center at the end of next month."

Vice President Gao followed Wang Chunliang's topic and said: "This document is too long. Please briefly introduce the content to everyone. What is a regulatory account?"

Wang Chunliang smiled and nodded at his teammates who had a tacit understanding:

"In order to make it easier for everyone to understand, I have specially marked part of the document in red. 'From August 2010, pre-sellers should open a special account for the supervision of the pre-sale money of commercial housing in the bank before conducting pre-sales of commercial housing, and entrust the bank to open the account. Supervise banks for pre-sale funds. Strengthen the management of pre-sales of commercial housing, ensure that pre-sale funds for commercial properties are accounted for in a special way, and deposited exclusively for special purposes. In order to facilitate the supervision of pre-sale funds, ensure that all pre-sale funds are received in a timely manner, separation of ticket payments, and pre-sale funds are implemented. The seller shall not collect any pre-sale money without authorization, and the pre-sale money shall be directly deposited into the supervision account by the pre-purchaser.”

Zhuge Yue tapped the microphone a few times and interrupted: "August 2010. Which means that from the second half of next year, all real estate companies will be subject to this regulatory requirement?"

Wang Chunliang shook his head and scrolled the document to the bottom: "Not all real estate companies." The last part of the document pointed out that the first batch of regulated real estate companies are only provincial-level real estate companies, such as Shuanghe Real Estate, and national large-scale real estate companies such as Hengda Real estate companies are not within the scope of supervision.”

Vice President Gao continued to cooperate: "This means that real estate companies will no longer be able to withdraw money as they did before."

Wang Chunliang gave Vice President Gao a thumbs up in his heart:
"As we all know, the 2004 version of the "Administrative Measures for Pre-sale of Urban Commercial Housing" is currently implemented in China. Although it is pointed out that the proceeds from the pre-sale of commercial housing by development companies should be used for relevant project construction, there has been no unified supervision of pre-sale funds across the country for so many years. According to the regulations, after the down payment, mortgage loan and other funds of home buyers enter the account of the real estate company, they can be at the disposal of the real estate company.

For example, a real estate company withdrew 1 million yuan of funds through pre-sales. Their finance department immediately submitted a withdrawal application for 9000 million yuan. The account manager felt that the amount of funds was too large and asked the sub-branch president for instructions. The sub-branch president then I’m worried that if I don’t allow withdrawals, it will affect future cooperation, so I have to pinch my nose and acquiesce.”

Wang Chunliang paused for a moment and turned his gaze to Quan Zhian:
“Manager Quan just pointed out that Shuanghe Real Estate has too little funds in the Construction Bank account, which is exactly the situation.

Now that there are new management methods, real estate companies must first obtain approval from the Housing Authority's Fund Supervision Office when submitting applications for withdrawals. Banks in a weak position no longer have to worry about annoying real estate customers because of their own card accounts. "

Vice President Gao: "In my experience, real estate companies mainly use project loan funds to pay project fees in the early stage. If there is external supervision that mandates that pre-sale housing funds can only be used to pay project fees, the amount of money retained in the customer accounts of real estate companies will The funds must be amazing." "Yes, a team from the National Banking Management Center has calculated that during the period from the pre-sale of the house to the return of the project loan, more than 90% of the funds retained in the accounts of real estate companies can reach more than %."

Wang Chunliang turned the PPT to the Shuanghe Land Baihuayuan No. 2 project planning page and continued:

“I will take the Shuanghe Real Estate loan application project as an example. There are 2 planned buildings on Site 26, 12 of which are high-rise buildings with 33 floors, two staircases and four households, with a total of 132 households in one building.

According to the current growth rate of housing prices in Hedong, it is estimated that the housing price will be 8 yuan in two years, so the total pre-sale amount of a building is nearly 1 million yuan.

Although theoretically the repayment period will begin when pre-sale reaches 30%, considering the actual situation, the repayment period set by our bank starts six months after the pre-sale (that is, after the opening of the 6th building).

Through simple reasoning and calculation, it can be concluded that the maximum deposit amount of Shuanghe Real Estate account is approximately 1×6×0.9=5.4 million yuan.

It is estimated that the average daily deposit of Shuanghe Real Estate in our bank's supervised account can reach 3 million yuan! "

This number, derived from a series of primary school calculations, shocked the entire audience into silence for ten seconds, and then the discussion poured out like a mountain torrent.

Sun Cha complained angrily to his colleagues: "The current average daily deposits of Sanlimiao Branch are less than 10 billion, but now they have increased by 1/3. Xiao Junjun's life is really good. After becoming a senior assistant, he still has a big leg to support." If she hugs you, you don’t have to worry about the deposit task anymore!”

Xie Guangfa patted Han Li beside him: "After the meeting, please contact President Han immediately and ask him if he can introduce some real estate clients to our branch. Oh, no national real estate companies, just provincial ones!"

Han Li scratched his head with a ferocious expression: "Damn it, he did it again."

Xie Juanjuan shook Qu Ting's shoulders excitedly: "Tingting, the Sanlimiao branch is about to take off, let's also raise the cheering stick!"

Wang Chunliang is very satisfied with the response of the audience. In previous lives, banks have competed for the supervision of real estate companies. Today, he will give his colleagues a little shock in advance:

"This deposit figure is based on the calculation of only high-rise buildings. Don't forget that the No. 2 project also has 8 multi-storey and 6 townhouses. Yes, our Sanlimiao branch has already made arrangements with Shuanghe Land in advance. Sign the agreement, and if the development loan application is successful, all the properties on the other side's No. 2 ground will open supervision accounts in my branch!"

After such continuous output, the online support rate of Sanlimiao Branch has now exceeded 75%. Wang Chunliang finally breathed a sigh of relief when he looked at the numbers.

However, at this moment, a voice suddenly came from the seat at the Chenghuang Branch:
"and many more!"

(End of this chapter)