The HKMA tightened the floor by the real estate stocks short-term fear of pressure

The HKMA has set out three measures to regulate the risk of banks and the property market. However, given the current system of bank balances “flooding”, the level of Hong Kong and silver capital is sufficient, and it is believed that banks will not be able to raise short-term interest rates, but the property stocks are short- “Emotional distress and pressure.

The main impact of the local passenger port silver

Hang Seng Bank (00011) executive director Feng Xiaozhong said, “local banks mainly for Hong Kong-based mortgage,” I believe that the impact of little action. He added that the increase in risk weight will in theory raise the cost of borrowing. However, given the current flooding of Hong Kong dollars, the level of Hong Kong and silver capital is generally quite abundant, and the mortgage market is highly competitive and is expected to rise in the short term The

Banks analysts said the new measures on the level of bank funds and the use of a slight impact. The analyst said preliminary calculations showed that raising the risk weight of new residential mortgage loans had only a 0.3 to 0.4 percent impact on the bank’s common equity tier 1 capital ratio, but did not rule out that individual banks would offset the money by raising the mortgage rate Rising costs.

Chairman of the Hong Kong Association of Banks, Bank of Hong Kong (02388), vice chairman and president of Yue Yi, said the banking industry to support the HKMA moves, the property market overheating risk can not be ignored, the introduction of a new round of mortgage loans prudential regulatory measures is necessary.

Biao Yin International Research Department co-director Liu Yahan said that the current property market non-local borrowing is not high, the contractors for the construction of multiple mortgage loans are generally strong investors, so the effect of reducing the number of loans is not high, Plus spicy “short-term will have a psychological impact on real estate stocks, is expected to have a little selling pressure early next week.

Foreign investors said that the HKMA will affect the property market sentiment, real estate stocks will be under pressure short-term, but in fact the banks to tighten the mortgage, but forced buyers from second-hand transfer to the primary market, because the developers have the strength to provide a variety of home buyers , So the developers but benefit. “At present, the proportion of non-local buyers is very small, and they are mainly paid in cash, so the effect of reducing the contribution ceiling is limited, but the effect of tax increases is greater.”