Residential finance new business and regulations

Author: Ji Aidong
Publisher:
Publish Date: 2004-05-01
Features: The housing finance business of China's commercial banks has experienced rapid development in recent years and has been highly valued by various commercial banks. The asset quality of personal home loans in housing finance has also been widely praised by the industry. The generally good asset quality of housing loans is partly attributed to the relatively reliable mechanism of housing asset collateral. However, it cannot be ignored that due to the underdeveloped credit legal system and credit system, particularly the personal credit system in China, issues arising from housing loans have become increasingly prominent. This book introduces the contemporary housing finance business of commercial banks, especially the new developments and operational procedures in housing loan business, and systematically explores the risks, legal issues, and countermeasures related to these businesses.
The innovation of commercial banking business has become an important trend in the contemporary financial market. Since the mid-to-late 20th century, with the acceleration of economic globalization, the development of financial high technology, and the continuous breakthroughs in financial theory, the innovation of commercial banking products, management methods, marketing, and other aspects has attracted widespread attention from all sectors of society. Traditional lending and borrowing businesses and housing finance businesses have been continuously updated; the status of intermediary businesses has been increasingly elevated, with new intermediary businesses playing an even more prominent role. New international trade financing businesses such as factoring and forfaiting, which have developed under the influence of international commercial banking businesses, have gained favor among domestic commercial banks. With the increasing urgency of commercial banking reforms, the disposal of non-performing assets has become a major concern for commercial banks. Financial asset securitization-related businesses and services arising from the disposal of non-performing assets will become one of the focal points of Chinese commercial banks in the 21st century.
It is worth noting that in the process of banking business innovation, we cannot overlook the new legal issues and related legal risks that arise with the innovative businesses. In fact, the new banking businesses introduced and developed have given rise to many new legal issues and have led to the development of a large number of new laws, regulations, and rules, especially the regulatory rules of regulatory authorities and the Supreme People's Court's interpretations, which have become an important institutional basis for the innovation of contemporary commercial banks that cannot be ignored. To effectively prevent the risks of financial innovation, it is essential to study and explore the legality and compliance of innovative products and tools. This is not only a challenge that internal legal advisors and other internal control personnel in commercial banks must face, but also a matter that business personnel in commercial banks must pay attention to. It is also an important legal issue that the legal theory community and the judiciary need to focus on.
Based on this, we have organized legal and business professionals with high theoretical and practical expertise at the forefront of commercial banking to write the Series of Books on New Banking Businesses and Legal Issues to address the doubts and difficulties in banking businesses. The series consists of six volumes: New Banking Lending and Borrowing Businesses and Regulations, New Banking Intermediary Businesses and Legal Issues, New Legal Issues in the Transformation of Banking, New Legal Issues in Letters of Credit and Trade Financing, New Housing Finance Businesses and Regulations, and Manual of New Banking Regulations. Each book focuses on guiding banking practical work, emphasizing the introduction of new products, new characteristics, new changes, and actual operations in the development of banking businesses, and provides explanations for corresponding legal issues and analyzes the legal environment, making it highly instructive and practical, demonstrating unique value:
● Based on the actual innovation of banking businesses and legal systems in China's commercial banks, it fully reflects the new development dynamics and trends of contemporary commercial banking innovation.
● Drawing on international experience, it has a certain foresight and evaluates the cutting-edge tools, products, and systems in the international financial market.
● Emphasizes operability, analyzing and introducing the operational links and procedures of new businesses, focusing on solving legal issues and legal risks of new businesses.
● Focuses on legal difficulties, innovative businesses, and related systems, fully incorporating mainstream new businesses in the development of contemporary commercial banks, particularly highlighting the new businesses and issues commonly faced by contemporary Chinese commercial banks.
● While emphasizing practicality, it also provides prospects for the development of banking businesses and conducts forward-looking legal analysis and discussion.
During the writing process of this series of books, the author paid attention to the comparative relationship between business and legal systems, ensuring a rigorous structure, concise and clear language, making it very convenient for practitioners to read and use. For relevant departments, economic workers, and legal professionals, this is a very good reference book for business.