They are all reborn, and the grandson is still a spare tire

"Classmate Yao Yuan, you just said that the borrowing scale of major real estate companies must be strictly controlled to avoid causing systemic risks. Isn't it a bit alarmist?"

"You can expand on this issue."

asked a leader from the Ministry of Construction.

His remarks attracted the echo of many experts and scholars at the venue.

The real estate market is booming right now, but many people are unaware of the huge risks involved.

Yao Yuanchong nodded to the leader of the Ministry of Construction and then said:

"I stick to my point of view and must strictly control the borrowing scale of real estate companies, especially private real estate companies, but this does not mean to suppress the private economy."

"Here, I would like to give an example to illustrate the situation so that everyone can better understand my idea."

"Okay, classmate Yao Yuan, we are all ears."

The leader of the Ministry of Construction nodded and said.

Yao Yuan nodded, and then dropped a bombshell.

"Suppose I am the owner of a real estate company and I have a lot of money. I just catch up with the land auction and acquire a piece of land worth 100 billion for the development of the company."

"After I get this land, I will immediately take it to the bank for a mortgage loan. I should be able to borrow about 90 billion, which can basically offset the cost of acquiring the land."

"With the 90 billion I borrowed from the bank, I will not invest it in development immediately. Instead, I will continue to acquire land and then mortgage it again. This time I should be able to borrow about 85 billion."

Hearing this, everyone nodded.

Domestic private real estate companies basically do this, and few real estate companies will honestly develop the land after acquiring it.

Many real estate companies don't even plan to develop any projects. They just acquire land under the guise of projects and then go to banks to get loans!

After a pause, Yao Yuan continued:

"I can repeat the same operation many times, and the original 100 billion will soon turn into hundreds of billions, or even trillions, and the extra ones will be bank loans."

"After such a series of operations, the ones who really bear huge risks have changed from me, a real estate developer, to major domestic banks that lend generously."

"If everything goes well and the houses I build, no matter whether they are good or bad, are taken over by ordinary people, then this game can continue to be played and the snowball will get bigger and bigger."

"However, if any aspect of this game goes wrong, such as my capital chain is broken, or the people have no money to take over, the game will collapse instantly."

"By then, the hundreds of billions or even trillions I borrowed from banks will turn into bad debts. You can imagine how serious the chain reaction will be!"

"hiss!"

There was a gasp of air in the venue.

Without exception, everyone was frightened by the situation Yao Yuan described!

Even the big leader on the rostrum had a look of shock in his eyes, and his face became a little more solemn.

The next moment, he suddenly interrupted and asked:

"Classmate Yao Yuan, you have a very long-term view of the problem, and you have a certain height."

"Can you think of these problems? Do you have any solutions? Tell me."

Yao Yuan looked at the other party, then shook his head.

"Replying to what the leader said, I actually don't have a good solution, I only have some ideas to prevent the slightest change."

"First of all, no real estate company can be allowed to mortgage loans without restrictions, acquire land without restrictions, nor can it occupy land for a long time."

"Loan ceilings can be set based on the qualifications and scale of the real estate company. Once the ceiling is exceeded, banks will no longer be able to lend, even with a mortgage."

"Restrictions on the area of ​​land acquired. After the real estate company acquires the land, it must develop it within the specified period. The behavior of covering up the land and hoarding it will be severely punished. If the land is not developed beyond the time limit, the land will be taken back immediately."

"It is strictly forbidden to nest nesting dolls. Overseas companies or offshore family foundations that only bear a liability of 10 yuan cannot be allowed to control domestic real estate companies with huge loans through layers of nesting. That is a white wolf with empty hands!"

"You must know the identity of the owner of the real estate company. If the other party holds a foreign identity and uses an overseas company to control the domestic real estate company, you must be extremely cautious when lending money, or even not lend money..."

Not surprisingly, these words once again shocked the audience.

Everyone looked at Yao Yuan with widened eyes, full of disbelief.

Some of the experts and scholars who are relatively close to real estate companies have a hint of worry in their eyes.

The big leader sitting in the center of the rostrum was lost in thought.

At this moment, Yao Yuan added a few more words.

"Another point is that in view of the current pre-sale system for off-plan properties, I think it is necessary to establish a complete and strict regulatory system."

"When a real estate company starts pre-sales, the purchase money cannot be paid directly to the real estate company, but transferred to a special bank supervision account for the exclusive use!"

"Then the bank will lend money to the real estate company according to the progress of the project. For example, 20% will be given after the foundation is laid, 50% will be given when the construction is half completed, and 70% will be given after the top is completed."

"90% will be released after the house is inspected and delivered, and the remaining 10% will be used as a quality deposit for the house. It will be released after three years when no major quality problems occur."

"In this way, it should be able to effectively avoid the appearance of unfinished buildings, ensure the quality and on-time delivery of houses, and ensure the safety of bank loans."

"People have spent all their savings and overdrawn their income for the next few decades to finally buy a house. We cannot let them buy unfinished buildings. That is not conducive to social stability and harmony."

As soon as he finished speaking, there was an exclamation of exclamation in the venue.

"Wow! This kid is so daring to speak and think."

"How he, a junior in college, came up with this is simply unbelievable."

Amidst the exclamations, a financial expert in the second row suddenly came to Professor Liu’s ear and whispered:

"Old Liu, this student of yours is too cruel. Does he have a grudge against the real estate companies? He has made it clear that he wants to put a tight curse on all real estate companies!"

"If what he said becomes reality, it will indeed avoid many potential crises, but it will be like pouring cold water on the hot real estate market."

"Especially for many private real estate companies, if loans are tightened, it may kill many private real estate companies!"

Upon hearing this, Professor Liu pretended to be helpless and shook his head.

"Lao Yi, I didn't know this kid was so eloquent and dared to speak! It's true that a newborn calf is not afraid of tigers."

"His starting point is very good, but it is too idealistic. It may be difficult to realize what he said."

At this moment, Professor Ouyang suddenly interrupted.

"Yao Yuan is right. These problems do require attention, and the sooner we formulate countermeasures, the better, so as not to turn into a big trouble."

While he was talking, the big leader on the rostrum spoke up again:

"Classmate Yao Yuan, you are a bit enlightening. You are very good and your understanding is very profound!"

"These are some good suggestions. You can write a document and submit it later. I will take a good look at it and study it."

Following his words, everyone present was shocked.

Especially Professor Liu and Principal Wang, their faces were full of surprise.

They never expected that the big leaders would pay so much attention to Yao Yuan's words. Could it be that they intend to rectify the real estate industry?

There is no doubt that Yao Yuan's performance today will definitely cause quite a stir and will scare many people!

The favor of the big leader on stage gave him a layer of protection in time.

Next, Yao Yuan answered several questions about real estate.

His answer once again aroused waves of exclamations and made everyone's eyes light up.

After talking about real estate, the leaders of the China Securities Regulatory Commission started asking questions again.

"Classmate Yao Yuan, you just said that we need to strengthen the supervision and guidance of the stock market. Are there any specific measures?"

"The stock market's booming effect on the economy is very obvious, but going too far is not enough. Do you have any way to solve this contradiction?"

After the words fell, everyone looked at Yao Yuan again.

Yao Yuanchong nodded to the leaders of the China Securities Regulatory Commission and then gave his answer.

"In the current bull market environment, if you want to strengthen supervision of the stock market without destroying the good momentum, you can only follow the trend."

"For example, controlling the scale of margin trading and securities lending, controlling the extent of financial leverage, restricting major shareholders from reducing their holdings at high positions, and doing a good job in guiding public opinion..."