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惠譽:內房「白名單」未必可為行業帶來重大改變 銀行缺乏發放新貸款誘因
評級機構惠譽表示,市傳中國當局正制定一份內房開發商融資「白名單」,指導銀行加強相關融資支持,從加大力度穩定房地產市場發展,但相信政策較難為內房行業帶來重大改變。 惠譽指,目前傳聞政策的規模尚未確定,預料實際融資情況將取決於銀行的執行決策,又指此並不是當局近年來首要求銀行增加對開發商的貸款,而過去兩個季度內銀的房地產開發貸款增長仍然疲軟,反映出新建項目開工率依然低迷,以及貸款機構仍繼續收緊新開發貸款的承保標準。 惠譽又指,內地銀行目前缺乏向抵押不足的項目發放新貸款的強烈誘因,特別是非國企背景開發商的項目風險更高,預期除非地方政府表明為房企提供更明確的支持,否則在即使在當局要求下,銀行亦會對新貸款保持較高選擇性。 目前未知白名單還會否包括正在面臨流動性壓力的民營開發商,惠譽預期,將為有份參與的銀行內部信貸狀況產生負面影響,若政府採取更直接的干預措施,為銀行設定最低貸款額度,則預期銀行將傾向對一線城市項目發放貸款。
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