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  • November 21, 2014
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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. 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 ...

  3. Business - Property - PROPERTY

    China demands property cooling policies be enforced

    Posted Mar 02nd 2013, 12:00am by Paggie Leung

    ... for implementing measures on the housing market, as flat prices are expected to post stronger increases Banks are also requested to adhere to the mortgage loan and interest rate requirements for first-time ...

  4. 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 ...

  5. China retail market is Asia's big attraction

    Posted May 31st 2006, 12:00am by Chi Lo

    ... replaced by more efficient ones. Financial liberalisation has also boosted consumption by allowing borrowing to fund current consumption. China's personal loan market, including mortgages ...

  6. Wen's land pledge gives farmers hope

    Posted Jan 17th 2012, 12:00am

    ... such as trading or mortgaging it, has remained untouched for decades despite reform of other sectors of the economy. Professor Peng Zhenhuai, director of Peking University's Institute of Local ... their own businesses, but where is the money for this? They have nothing to mortgage,' he told China Real Estate Business. Despite the urging of many, Beijing had refused to talk about ...

  7. Halfway through the year, 2010 is looking ever uglier

    Posted Jul 01st 2010, 12:00am by Tom Holland

    ... and loan restrictions designed to damp down real estate speculation have hit activity in the property market hard, with a severe knock-on effect on other sectors. As a result stock prices have ... activity has plunged over the last couple of months, transaction volumes are down and loan growth has slowed markedly. As a result, commodity demand has fallen and internal freight volumes ...

  8. Business - China Business - STOCKS

    Surprise HK$3.09b cash call spurs investors to dump Longfor Properties

    Posted Sep 20th 2012, 12:00am by Peggy Sito

    ... she said. In the onshore market, access to mortgage lending has become easier across regions, particularly for first-time homebuyers. Property developers' access to, and cost of, project loans has also improved following the monetary easing, according to the S&P report released yesterday. Credit Suisse said in a report this week that most developers' contracted sales ...

  9. City is still top investment choice

    Posted Mar 29th 2006, 12:00am by Staff Reporter

    ... leader of China/Hong Kong property at Morgan Stanley. Residential transaction volume- hit by rising mortgage rates and the government-imposed austerity measures- softened, and the average transaction prices of flats fell 11 per cent to 34 per cent from a year ago. Mortgage lending also fell over eight straight months. However, Mr Tse said: 'Shanghai is still the best place ...

  10. 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 ...




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