While China has reduced benchmark rates and pushed the average mortgage cost to a record low, most Chinese households didn’t benefit as banks won’t reprice existing loans until the beginning of next year. Agricultural Bank of China, one of China’s largest lenders, will formulate detailed g...
Lowering existing mortgage rates is expected to further weigh on the banking sector's net interest margin (NIM) - a key gauge of profitability - which fell to a record low at the end of the second quarter, official data showed. To soften the hit on the margins, major state banks may al...
Banks in multiple Chinese cities have launched deferred mortgage repayment services recently to ease the pressure on home buyers who have been impacted by the COVID-19 epidemic, with a maximum extension of 12 months, reports said on Monday. These include first- and second- tier cities like Guan...
Banks automatically adjusted rates on eligible first-home mortgages on Sept. 25, without borrowers needing to apply, Yicai learned, though borrowers eligible under the new policy must apply to convert their second-home mortgage into a first-home loan. With an average reduction of 0.73 p...
While China has reduced benchmark rates and pushed the average mortgage cost to a record low, most Chinese households didn’t benefit as banks won’t reprice existing loans until the beginning of next year. Agricultural Bank of China, one of China’s largest lenders, will formulate detailed ...
Banks in multiple Chinese cities launch deferred mortgage repayment service, with maximum extension of 12 months; Air ticket bookings and prices soar as cities start to relax Covid-19 rules for travelers. Here’s what you need to know about China in the past 24 hours ...
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Banks in multiple Chinese cities have launched deferred mortgage repayment services recently to ease the pressure on home buyers who have been impacted by the COVID-19 epidemic, with a maximum extension of 12 months, reports said on Monday. ...
The country's over-five-year loan prime rate, a benchmark for mortgage rates, was kept at 4.3 percent on Monday. Yi Huiman, chairman of the China Securities Regulatory Commission, said at the forum that the CSRC will support real estate enterprises' plans to improve their balance sheets, me...
risk of defaults on morgage loans if property prices continue to fall, will the Administration inform this Council under what specific conditions it would agree to banks' relaxation of their mortgage loan rates? legco.gov.hk 鑑於這些限制看來未能提高 有意置業者購買住宅樓宇的負擔能力,而倘若樓宇價...