【财经网(博客,微博)专稿】记者 史尧尧 【Financial nets(blog,Micro bo)ZhuanGao】Reporter ShiYaoYao

　　据媒体报道，在近期中国银行业监督管理委员会召开的2012年第二次经济金融形势通报分析会和年中监管工作会议中，对于房地产贷款风险，除了要坚决贯彻调控政策，严格控制过热地区和高负债房地产企业贷款规模外，监管机构也做了一些实际调整。

According to media reports，In recent China banking regulatory commission in 2012 at the second economic and financial situation report appearing and years of supervisory work of the meeting，For real estate loan risk，In addition to resolutely implement control policies，Strict control overheating areas and high debt real estate enterprise outside the size of the loan，Regulators also did some actual adjustment。

　　报道指出，要求银行按照商业可持续发展的要求原则，对一些合理的贷款需求应给予支持；且监管机构更加重视数万亿规模房地产信托风险的管理。

Report says，According to commercial require Banks to the requirement of sustainable development principle，For some reasonable loan demand should support it；And regulators trillions of scale pay more attention to real estate trusts the risk management。

　　较早前刊登在银监会网站新闻稿表示，银行体系要积极支持保障房等合理住房信贷需求，重点支持以省级平台为主开展的公租房、廉租房、棚改房等三类保障房建设。

Earlier published in the banking regulatory commission web site press release said，The bank system should actively supports security room and so on the reasonable housing credit demand，Key support to the provincial platform for male mainly rent、Low-cost housing、PengGai room and so on three kinds of security room construction。

　　对此，不同规模、性质的银行机构关于房地产贷款有不同做法。

this，Different scale、The nature of the bank agencies about real estate loans have different approach。

　　一家国有银行总行信贷审批官告诉记者，我们依据内部的房地产客户资质名单和监管部门政策进行贷款投放。

A state-owned bank head office told reporters the credit for examination and approval，We based on the internal customer list and real estate qualification supervision department policy on loan。

　　据他介绍，目前在北京地区的房地产信贷投放主要为2013年交房入住项目的个人贷款为主。“这些项目前期贷款由本行分支行投放，现在其实是为贷款顺利回收做收尾工作。购买者需要支付4-5成的首付款，而利率以基准利率为主，少有折扣。”他告诉记者。

According to he introduced，At present in Beijing area of the supply of credit is mainly for real estate in 2013 in making a room of the project mainly personal loans。“These projects by the bank loans, upon the issuance，Now is actually for loan recovery work smoothly do ending。Buyers need to pay 4-5 into the head，But interest rates to benchmark interest rates give priority to，Little discount。”He told reporters。

　　对此，有股份制银行信审官表示，该银行早已退出一线城市的房地产开发贷款和个人住房贷款，信贷审批主要是2、3线城市。“这主要是一线城市房价过高。”他解释道。

this，Have the joint-stock Banks believe the officer said，The bank had quit a line of urban real estate development loans and personal housing loan，Credit for examination and approval is mainly 2、3 line city。“This is mainly a city high home prices。”He explained。

　　而在众多城市商业银行中，据记者了解总部成立独立部门在全国寻找项目已成为既有趋势。有独立部门负责人告诉记者，其独立部门围绕综合金融做文章，同时指出目前房地产贷款为主要业务。

And in numerous city commercial bank，According to reporter understanding headquarters set up an independent department in the national project has become a trend for both。Independent director told reporters，The independent departments around the comprehensive financial fuss，Also points out that the real estate loans as our main business。

　　“从贷款派生存款，再到设计理财产品发售，最后将项目贷款卖给愿意接手的银行以换取存款。”他解释道。

“Derived from loans deposits，To design financial product sale，Finally the project loans sold to willing to take in exchange for the bank deposits。”He explained。

　　同时，他坦言就目前不可预料的经济情况而言，少有城商行有能力将单个项目持有到期。

At the same time，He said the economy is now not expected case，Few city firm have the ability to single project hold expires。

　　前述媒体援引一位国有大行授信部人士表述认为，进入2012年三季度，中国经济下行趋势得到进一步确认，无论地方融资平台还是房地产，政策都出现了一些微调。

The media quoted a state-owned line of credit to people that expression，In 2012 in the third quarter，China's economy downward trend further confirmation，Whatever place financing platform or real estate，Policy appeared some fine-tuning。

　　在接受记者采访银行信审官均表示，在工商业企业利润率不断下降，而银行面临利率市场化和扩大资金缺口（存款流失）的上下夹击下，银行只有增加利率敏感性资产（个人贷款、房地产贷款）比重，以此确保银行收益。

When accepting a reporter to interview official said the bank letter are，In the industrial and commercial enterprise profit margins continue to drop，And the Banks are facing interest rate marketization and expand funding gap（Deposit loss）Up and down under the flank，The bank raised interest rates only asset of sensitivity（Personal loans、Real estate loans）proportion，To ensure that the bank earnings。

　　在中金公司看来，中期来看，15%的净资产回报率（ROE）左右是政府需要综合考量的银行盈利水平。

In cicc opinion，The medium term，15% of net assets returns（ROE）Is the government needs to comprehensive considerations about the bank profitability。

　　“关于利率市场化完全实现后的影响，我们在策略报告中做了自下而上的测算，在此不再赘述。换个思路自上而下来看，现阶段银行的盈利是政府给的，而最终低于13%的ROE 是政府无法接受的结果：十二五的经济增长目标是7%通胀3%左右，则名义GDP要达到10%左右M2 增速将保持10-12%贷款增速10%以上汇金要求的银行派息率保持在30%，则政府需要保证银行的ROE 在15%左右。若政府过度打压银行盈利，则意味着银行体系的留存利润资本补充低于10%，不能依靠内生积累支持7%的“十二五”经济增长目标。”中金公司在其报告中解释到。

“About interest rate marketization fully realized the influence of the after，We in the strategy report in bottom of the measure，In this no longer etc。Change your way of thinking top-down and see，At present the bank earnings is your government，And ultimately the less than 13% of the ROE is the government cannot accept the results：1025 economic growth target is 7% inflation around 3%，The nominal GDP will reach 10% M2 growth will keep 10-12% loan growth above 10% huijin requirements of the bank rate stayed at 30% dividend，Is the government needs to ensure that the bank ROE at about 15%。If the government excessive down bank profits，It means the bank system retained profits capital added less than 10%，Can't rely on endogenous accumulation of 7% support“1025”Economic growth target。”Cicc in its report explained。

　　在2011年底的银行业金融形势分析会议上，银监会对房地产类贷款的表述为严密盯防房地产贷款风险。对新发放房地产开发贷款必须持高度谨慎态度，并加强对已有授信的风险排查。同时要求进一步加强对土地、房地产等抵押品的管理。

In the end of 2011 the banking financial situation analysis on the meeting，On the real estate loans of CBRC statement of the real estate loans-for strict risk。The new issue of real estate development loan must have the highly cautious attitude，And to strengthen the credit risk has been spent。Also requires further strengthen to the land、Real estate collateral management。

　　（证券市场周刊供稿）

（Securities market weekly contributors）