50 billion insurance capital build up Beijing water land bond financing

Each by reporter Zhang min from Beijing on the land market in Beijing have long been rumors of "blue de plans (LAND)" finally had a substantial progress. Yesterday (June 1), the daily news reporter learned from the authoritative channels, "blue-German plan" is gradually emerging, 50 billion yuan of insurance funds will be put into land levels in the development of Beijing. According to reports, the scale of this investment accounted for half of the land reserve development in investment this year. This is the first attempt to land in Beijing of bond financing mode. On May 17, published by the Beijing Municipal Bureau of land and the 2011 land reserve development will make adjustments to the wording in the plan of, mentioned for the first time "Beijing will explore the land bond financing mode." Recommended reading insurance weekly: April premium as scheduled diving silver insurance effect or Super expected insurance funded participation protection room looked was batch insurance funded contrarian buy wrong killed "white horse unit" new shares frequently break insurance funded playing new encounter floating losses car sales decline drag casualty profit tailored buy insurance figure out terms then Xia Dan Qiming: shocks city in the how mining Daniel unit by this effect, Beijing land supply rhythm or will occurs changes. In accordance with the scheme of land arrangement and reserve Center in Beijing, starting in June, Beijing will gradually increase the supply of operational land (dominated by commodity housing land), before the end of 1200 hectares of commercial sites listed. By contrast, in January-May this year, Beijing by inviting tenders, auction and hanging transfer 87.4 hectares of land for residential use, inadequate supply of annual plans (1220 hectares) of 10%. Other than supply slow rhythm, enthusiasm has dropped below the lower point of the development enterprise. First try land bond financing according to reports, the present "blue de plan" is already in the implementation phase, Pacific (601,099, unit) insurance and other insurance enterprises all finalists, the overall size is not $ 70 billion ~800 billion after market rumours, but at around $ 50 billion, mainly for land development level in Beijing. If this funding is in place, will account for the investment in land reserve development in Beijing this year (100 billion dollars) by half. This is the first attempt to land in Beijing of bond financing mode. On May 17, published by the Beijing Municipal Bureau of land and the 2011 land reserve development will make adjustments to the wording in the plan of, mentioned for the first time "Beijing will explore the land bond financing mode." It is learnt that, as early as December last year, Beijing launched called "blue-German plan" of bond investment plans, Kunihisa, protection, peace, Turbo, 7 of huatai insurance asset management company intends to invest land bonds issued in Beijing. Since then, both sides study on detailed rules for the implementation of this plan, specific content has been published. Informed sources revealed to the daily economic news reporter, some enterprises have been completed for the record, including the Pacific insurance, consultation of both sides, only yields a key factor. In accordance with established practice, the insurance company the ideal rate between about 5%~6%. While the current development of Beijing land level average profit rate of less than 8%, if you count inflation and other factors, the actual profit margin it is difficult to meet the needs of insurance companies. But according to informed sources in the above, as a pioneering attempt, insurance regulatory Commission approval will accelerate is expected, this program from the implementation is not far away. Data show that Beijing has spent hundreds of billions for 3 consecutive years for land reserve development. From 2009, the investment plan amount to 100 billion yuan, respectively, $ 270 billion, $ 100 billion. Beijing for rhythm or accelerate in fact, affect the insurance of enterprise earnings, is the indifference of Beijing land market situation. According to the information of land arrangement and reserve Center in Beijing, first in May of this year, Beijing by inviting tenders, auction and hanging transfer 87.4 hectares of land for residential use, inadequate supply of annual plans (1220 hectares) of 10%. In this regard, land arrangement and reserve Center today announced in Beijing since June, will gradually increase the operational land supply, in particular commodity residential land. By the end, there will be 1200 hectares of commercial land in Beijing listed. Land arrangement and reserve in the city centre is in the "Introduction to recent market transactions of land information Conference" presented above, including wanke, finance Street, over more than 80 developers for Poly, attended the demonstration, and the quiet atmosphere of the scene very different land transactions. In accordance with Beijing's plan, priority protection of land for housing in the first half of this year, and strive to complete guarantee room block supply in the first three quarter. In June, Beijing will at the same time increasing commodity supply of residential land. It is understood that this year land supply is biased towards the suburbs of Beijing and the Metro. Among them, Tongzhou, shunyi, Daxing and yizhuang four key new city 42%; Fung Terrace, Tai Hing and Fangshan city areas, such as 50%. Chen Liang's Dean of Albert in I love my home market, real estate market downturn, result in reduced development enterprises with enthusiasm. And now the land level generally high development costs, is a Government for the slow pace of important reasons. From the situation in previous years, Beijing for the rhythm is usually, three or four quarter tends to usher for peak. Most analysts believe that with the phase in of land reserve funds, for rhythm in Beijing will be gradually speeding up. Beijing Municipal Bureau of land and stressed, will be primarily used in the second half "limit price and competition policy-housing area" method of transfer, small and medium sized unit type housing used to promote General "only house price, land price competition" deal. Four-quarter will also strive to open online land transaction systems, Internet bid, quote. 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