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  • October 26, 2014
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  1. CBRC backs home-loan curbs amid bubble fears

    Posted Jul 24th 2009, 12:00am by Eric Ng

    ... bubble. 'In respect to certain media reports about the China Banking Regulatory Commission tightening second-home mortgage lending, [its spokesman] says today, the commission's strict enforcement of its mortgage lending policy has not changed,' the regulator said in a statement issued last night. This indicates there will be strict adherence to the rule that down payments ...

  2. Banks face 50b yuan write-off after quake

    Posted Jun 03rd 2008, 12:00am by Staff Reporter

    ... As the China Banking Regulatory Commission urged lenders to immediately write off loans likely to default, local lenders might have underestimated new bad mortgage loans which may add to their credit ... Natalie Chiu Mainland lenders will have to write off 50 billion yuan (HK$56.29 billion) worth of quake-related loans from borrowers in Sichuan who are no longer able to repay their debts, ...

  3. The Tide is turning

    Posted Oct 24th 2008, 12:00am by Peta Tomlinson

    ... dampened the property market earlier this year, with mortgage approvals for existing homes dipping in April to a seven-year low. Headlines fuelled the sentiment. Perth was 'unravelling', ... meltdown. The big four banks immediately cut their variable home-loan rates by up to 0.8 per cent. The Real Estate Institute of Australia says this may boost the housing market. But throughout, some ...

  4. Regulator urges swift bad-loan write-offs

    Posted May 24th 2008, 12:00am by Staff Reporter

    ... as banks are getting stuck with bad loans,' said Liao Qiang, an analyst at Standard and Poor's. 'But since the statement only addresses residential housing mortgages, the amount ... of their total loan books at the end of last year. For Industrial and Commercial Bank of China, the country's largest commercial lender, total retail mortgages in Sichuan only make up 0.5 per cent ...

  5. Anglo Irish crash shows again why it's unwise to bet the farm

    Posted Oct 05th 2010, 12:00am by Jake Van Der Kamp

    ... property prices in Hong Kong also fell by roughly 70 per cent, and the resulting shakiness of the financial system is best expressed in the chart at right on mortgage delinquency ratios. Yes, take a close look again. At no point in the aftermath of this crisis did the six-month delinquency ratio in mortgage payments reach even 1 per cent of total home loans outstanding. It is now ...

  6. Interest rates on tax loans pushed to rock bottom

    Posted Nov 08th 2004, 12:00am by Winnie Yeung

    ... their offers for mortgages and tax loans from prime minus 2.675 before the rate rise to prime minus 2.8 per cent, absorbing the increase in the battle for new customers. Andy Kwan Cheuk-chiu, associate ... with low tax loan rates. 'By providing [mortgage and investment customers with] a lower rate, we hope we can maintain a good relationship with them and they'll pay more in other ...

  7. Minsheng Bank to focus on credit risks as bad-debt provisions rise

    Posted Aug 27th 2008, 12:00am by Staff Reporter

    ... the bank said in a filing with the Shanghai stock exchange. The non-performing loan ratio declined to 1.21 per cent in the first half from 1.22 per cent at the end of last year. However, loans under the 'special mention' and 'substandard' categories, early indicators that loan quality could sour, rose 49.89 per cent and 34.09 per cent, respectively. 'Some ...

  8. Property boom curbs fail in Shanghai

    Posted Feb 11th 2005, 12:00am by Mark O'Neill

    ... flats is 60 per cent of the purchase price, and loans to the property sector cannot exceed 30 per cent of total loans. Mortgages accounted for 48 per cent of the new medium and long-term loans ... Mark O'Neill in Shanghai Another bumper year is expected despite central bank warnings of a surge in bad loans The People's Bank of China has warned Shanghai banks to limit ...

  9. Asian contagion

    Posted Sep 20th 2008, 12:00am by Kevin Rafferty

    ... of George W. Bush has been asleep. It should have seen this coming, not merely weeks ago when mortgage companies Fannie Mae and Freddie Mac, and Bear Sterns were bailed out, but years ago. If it had been awake, it could have saved the US taxpayer a bill that is heading towards US$1 trillion in handouts, guarantees and loans. The bigger tragedy is that this is merely the tip of the melting ...

  10. Toxic assets drive BEA profit down 99pc

    Posted Feb 18th 2009, 12:00am by Staff Reporter

    ... The dramatic fall in net profit last year was due largely to a HK$3.5 billion writedown in the value of its portfolio of its collateralised debt obligations. These securities- pools of mortgages and corporate or commercial-property loans sliced into bonds with different credit ratings and maturities- have plunged in value as the credit crisis has deepened following the collapse of US investment ...




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