December 25，Ministry of Housing and Urban-Rural Development、National Development and Reform Commission、Ministry of Public Security、State Administration for Market Regulation、CBRC、Six departments including the Cyberspace Administration of China released the "Opinions on Rectifying and Regulating the Order of the Housing 188bet app Market" (hereinafter referred to as the "Opinions")，Publishing false housing information in the current 188bet app market、Malicious deduction of deposit rent、Illegal use of housing 188bet app loan、Forced eviction of tenant、Infringement of the legitimate rights and interests of renters and other issues have been regulated。

Among them，In response to the frequent lightning explosions in long-term 188bet app apartments in the past two years，"Opinions" emphasizes the need to prevent housing 188bet app financial risks，Prevent housing 188bet app companies from forming a capital pool、Add leverage，A “red line” has also been drawn on the 188bet app-to-loan ratio: a housing 188bet app company’s 188bet app income，The housing 188bet app loan amount shall not exceed 30%，Those that exceed the proportion should be adjusted in place before the end of 2022。In addition，It is also proposed to strengthen the supervision of housing 188bet app companies that adopt the "high in, low out" business model of "long receipts, short payment"。

“The concept of long-term 188bet app apartments has been misused。For the market，Long-term 188bet app apartments encouraged by the state should be renovated by the owners，Turn restricted housing in the past into incremental housing in the 188bet app market。And now the market is talking about ‘long-term 188bet app apartments’，In fact, they are just second-hand houses that take advantage of the price difference。" Zhang Dawei, chief analyst of Centaline Real Estate, told a reporter from China Times，For the first time in the history of the new regulations, it is clear that this type of enterprise is not a long-term 188bet app apartment encouraged by the policy，It is necessary to strengthen supervision。

Strictly control financial risks in the 188bet app market

May 2016，The State Council issued "Several Opinions on Accelerating the Cultivation and Development of the Housing 188bet app Market"，It is clear that diversification of supply entities will be basically formed by 2020、Operation service specifications、Housing 188bet app market system with stable 188bet app relationship。July 2017，The Ministry of Housing and Urban-Rural Development and other 9 departments issued the "Notice on Accelerating the Development of the Housing 188bet app Market in Large and Medium-sized Cities with Net Population Inflow"，It is proposed to strengthen the supervision and guidance on the development of housing 188bet app market in large and medium-sized cities with net population inflow，Perfect incentive and error tolerance and correction mechanisms，Allow differential exploration，Correct problems promptly when found。

The "Opinions" are based on the development experience of the 188bet app market in the past few years，Facing new situations、Improving policies for new issues。In fact，Since June 2019，Beijing、Shenzhen、Shanxi、Henan、Jiangxi and other provinces across the country have launched efforts to rectify the chaos in housing 188bet app agencies，Black intermediary、188bet app loans have become the focus of the crackdown。

In the opinion of Yan Yuejin, Research Director of the Think Tank Center of E-House Research Institute，The 14 opinions released this time mainly put forward work tasks in 6 aspects，Including strengthening the management of business entities、Strengthening the release and management of housing information、Regulating 188bet app housing renovation behavior、Prevent housing 188bet app financial risks、Strengthen platform construction and establish a normalized management mechanism。

Among them，In view of the financial risks in the leasing field that have emerged in the past two years，The policy is clear and must be actively controlled。On the one hand, it is to control the specific loan business，Require the financial sector to strengthen the supervision of housing 188bet app finance business，188bet app loan must be based on contract，Contract and single payment terms should match the loan term；Do a good job before loan investigation，Carefully evaluate the borrower’s repayment ability；Strengthen post-loan management，Prevent housing 188bet app companies from forming a capital pool、Add leverage。

On the other hand，Control specific enterprises，Strengthen the housing and construction department and the financial supervision department to sign and record the lease contract online、Information sharing on 188bet app loans，About "high in, low out" (paying the rent to the owner of the property is higher than collecting the rent from the lessee)、Supervision of housing leasing companies with a business model of "long-term collection and short-term payment" (the period for collecting rent from lessees is longer than the period for paying rent to property owners)，Guide them to set up a leasing fund supervision account in the bank，Will rent、Deposits, etc. are included in the supervision account。Does not have the ability to continue operating、A housing 188bet app company that has expanded too quickly，Can be interviewed and warned、Suspension of online visa registration、Publish risk warning、Investigation and punishment according to laws and regulations，Prevent and resolve risks。

“Long-term 188bet appApartment” policy is coldWinter has arrived?

The above policies directed at chaos，For the barbaric development in recent years、For long-term 188bet app apartments with frequent thunderstorms，It is undoubtedly a powerful medicine。

After the second half of 2017，Capital enters the long-term 188bet app market driven by policies，Nearly 30 financings in the long-term 188bet app apartment sector within one year，The financing amount is about 3 billion yuan。By 2018，This number becomes 7.4 billion yuan。Among them，Ziru、Eggshell、Leading companies such as Rubik’s Cube have received a large amount of financing，Ziru received 4 billion in Series A financing at the beginning of 2018。

Capital giants enter the 188bet app market not to treat guests to dinner。In Zhang Dawei’s view，More and more capital enters the 188bet app market，Upgrade mid- to low-end 188bet app housing to mid-to-high-end，In this case，The 188bet app market has lost its tiered consumption，The overall 188bet app price is being pushed up。

And more importantly，This financial model brings a “fund pool”。Long-term 188bet app apartment companies transfer the homeowner’s expected rent to the company’s name through the platform project，The actual controller can use it at will，These financial instruments bring huge market risks。Many companies also rely on overcharging tenants for rent，Speed ​​up expansion by paying landlords late rent，Once liquidated，There will be multiple disputes between upstream and downstream。Since 2018，More than 20 parents rented apartments and exploded because of a broken capital chain，Yujian Apartment、Dingjia Apartment、After Lejia Youth Apartment and other companies ceased operations，Many tenants、Landlords have suffered financial losses to varying degrees。

Of course，These companies are not all of the long-term 188bet app apartment industry。"The "Opinions" mainly restrict "second landlord" companies from using financial leverage to speculate、Monopoly housing。There are many models in the long-term 188bet app apartment industry，Self-sustained，There are also escrow services，Of course the proportion of ‘second landlord’ type may be larger。" Zou Linhua, leader of the housing big data project team of the Institute of Financial and Economic Strategy, Chinese Academy of Social Sciences, told a reporter from China Times。

According to Zhang Dawei’s calculation，Long-term 188bet app apartment companies in Beijing、The market share of first-tier cities such as Shanghai has exceeded 20%，Among them, the “second landlord” model is about 60%。He pointed out，If similar long-term 188bet app companies in the market are not large，Then it only affects part of the mid- to high-end 188bet app market；But the 188bet app market is still extensive，Companies that play this kind of term arbitrage game with time as the core element have an increasing probability of running away，The expectation of rent increase is also getting bigger。actually，Such a model is not in line with the country’s encouragement direction。

At this point，New policy clarifies restrictions on capital pools，There are also provisions involving illegal establishment of fund pools and other matters that affect financial order，Relevant regulatory authorities according to their responsibilities，Strengthen daily monitoring and investigation and punishment of violations。Zou Linhua said，Control the hype、Monopolizing housing is conducive to promoting the balance of market supply and demand，Stabilize 188bet app prices。

*188bet appTextSource: China Times, author: Liu Shimeng, originalTitle：《The Ministry of Housing and Urban-Rural Development’s new regulations strictly prevent leasing companies from increasing leverage、Forming a capital pool, long-term 188bet app apartments are really going to be "cool" this time！》。