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  1. Mortgage curbs for foreigners

    Posted Feb 04th 2012, 12:00am

    ... Sandy Li sandy.li@scmp.com China will restrict the provision of mortgage loans to foreign homebuyers, who are blamed for driving up property prices, as the government intensifies efforts ... quotas for overseas banks this year if they intended to use the proceeds to fund mortgages taken out by foreigners. Mortgage loans with a duration of more than one year would be affected, ...

  2. Business - Banking & Finance - BANKING

    Mainland China banks stay put on mortgage rates and down payment requirement

    Posted Mar 15th 2013, 12:00am by JANE CAI, Kwong Man-ki

    ... Jane Cai and Kwong Man-ki in Beijing Requirement on down payment also remains unchanged after new property measures Mainland lenders stay put on mortgage rates Mainland banks have yet to raise mortgage rates after a new round of property curbs was announced at the end of last month. In a bid to crack down on speculation that has helped fuel a strong rally in prices since ...

  3. Business - Banking & Finance - BANKING

    Bad loans rise at Chinese banks

    Posted Aug 16th 2012, 12:00am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Non-performing loans at mainland lenders rise for a third quarter, by 4.15pc, as growing number of struggling firms default in 'biggest financial risk' to economy Mountain of bad debt in banks The level of bad loans in mainland banks rose in the April-June period, marking the third straight quarter of increases for the first ...

  4. Car finance slumps after fraud, bad loans drive lenders out

    Posted May 06th 2006, 12:00am by Mark O'Neill

    ... banks and insurance companies from the market. Official figures published yesterday showed that, as of the end of last year, outstanding vehicle loans had dropped by 50 billion yuan to 108.7 billion yuan from a year earlier, compared with a peak of 183.9 billion yuan at the end of 2003. In China, about 20 per cent of car buyers finance their purchases through loans, compared with 70 ...

  5. Curb property loans, lenders told

    Posted Jul 22nd 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The mainland's banking regulator has urged lenders to tighten controls over property loans and credit advanced to local-government financial vehicles. Lenders should step up oversight of property loans by intensifying the measurement of risk exposure and evaluating collaterals in time, Liu Mingkang, chairman of the China Banking ...

  6. Loan policy a delicate balancing act

    Posted Oct 03rd 2005, 12:00am by Tom Holland

    ... rates decreed by the central bank, there was no attempt to assess borrowers' ability to repay or price loans according to risk. Often, borrowers made little effort to service their debts. They suffered no penalties. When the loans fell due, the banks simply rolled them over to ensure the companies stayed in business. By the late 1990s, as many as half of the loans extended by the Big ...

  7. Party rule: safe as houses?

    Posted Oct 06th 2003, 12:00am by Staff Reporter

    ... lending by state-owned banks, which only became widely available on reasonable terms in 2000, has made this sudden shift possible. In the last two years, mortgage loans have accounted for about a quarter of new loans issued by the 'big four' state owned banks; last year mortgage loans by all banks in China totalled around 300 billion yuan (HK$282 billion). The boom in home ...

  8. Taking fright at the shadows looming larger

    Posted Oct 10th 2011, 12:00am

    ... to company loans and underground lending by individuals. For example, the value of letters of credit issued by banks in China has grown far faster over the last year than the value of the trade they are meant to be used for financing. Similarly, there has been rapid growth in designated, or entrusted, lending, in which banks arrange loans from cash-rich companies to other corporations in need ...

  9. Higher credit risks loom for China firms

    Posted May 25th 2012, 12:00am

    ... this year,' the report said. It said developers with large maturing debts and refinancing risks on their offshore debt and trust loans would have to push property sales by aggressively cutting prices. ...

  10. China's banks

    Posted Aug 27th 2003, 12:00am by Staff Reporter

    ... China has just announced a huge programme to recapitalise its Big Four banks to help them prepare for foreign competition beginning in 2006. With this third massive capital infusion, the banks will write off more of their bad loans, estimated at 1.8 trillion yuan for the Big Four alone. Is the move likely to shore up confidence in China's banks, or is it simply sweeping ...




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