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  1. Loan and sales surge buoys mood

    Posted Apr 09th 2008, 12:00am by Chloe Lai, Peggy Sito

    ... being lured back into the market were easier rules on mortgage lending for second home purchases last month and an increase in sales transactions in some cities. Also helping to boost sentiment, ... mortgage down payments and repayment rates. In October last year, the central government raised the minimum down payment required for investors who already owned a property, and ordered banks ...

  2. Beware pitfalls of that attractive loan

    Posted Dec 02nd 2007, 12:00am by Staff Reporter

    ... Maria Chan Lenders are dangling goodies at taxpayers It's that time of year again- when taxpayers shop around for loans while lenders scramble for a slice of the tax-loan pie ... and even free holidays. For most borrowers, however, pricing is still the primary consideration when taking out a loan. This year, at between 4 and 11 per cent, the interest rate band for tax loans ...

  3. Everbright Bank posts 7.7b yuan record profit

    Posted Jan 22nd 2009, 12:00am by Staff Reporter

    ... in 1992, according to a banking source. The lender's non-performing loan ratio was 1.97 per cent at the end of 2008, down 2.53 percentage points from the beginning of the year. Chang Jiang Securities banking analyst Liu Jun said the bank's net profit would continue to surge because its loans remained strong. Mr Liu said the bank would expand its profits once it finished its ...

  4. Beijing uses new tools to fight loan growth

    Posted Jan 07th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih Beijing will not set a loan target for banks this year as it attempts to balance inflation control with maintaining job-creating economic growth. The mainland has announced annual loan growth targets in previous years to control overheating in the property and manufacturing sectors. Rather than setting targets Beijing will now control credit based on developments ...

  5. Lenders told to review risks of loans to government financing arms

    Posted Mar 09th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Shanghai's banking regulator said local lenders must reassess the risks of loans they have made to government financing arms, the latest sign that the mainland's mammoth stimulus package of last year is backfiring. The Shanghai branch of the China Banking Regulatory Commission said yesterday that some of the massive loans distributed ...

  6. Home-loan approvals soar 22.7pc

    Posted Jun 26th 2007, 12:00am by Peggy Sito

    ... Maria Chan and Peggy Sito New home-loan approvals in Hong Kong rose 22.7 per cent last month to HK$17.7 billion, the highest in two years, according to the city's de facto central bank. Market watchers said approvals, which fell 11.3 per cent in April because of a holiday break, would continue to rise, although the pace is expected to slow. New home loans drawn down also ...

  7. Home loan approvals fall 6.4pc

    Posted Jul 26th 2006, 12:00am by Staff Reporter

    ... Maria Chan Property agent Centaline sees rebound after June mortgages slip to $12.9 billion as sales in secondary market decline New home loan approvals fell 6.4 per cent month on month ... developers cut selling prices [recently],' Mr Shih said. 'I think new loan approvals will improve slightly this month but may improve more significantly next month.' New mortgage ...

  8. Rate cuts see home loans increase

    Posted Nov 27th 2007, 12:00am by Peggy Sito

    ... to switch funds to properties. The HKMA said new loans drawn down increased by 6.4 per cent last month from September to HK$15.9 billion. New approved mortgages offered at more than 25 basis points below the prime rate accounted for 94 per cent of total new lending, up from 92.5 per cent in September. Meanwhile, Bank of China (HK) raised its mortgage rate for loans valued at HK$1.5 million ...

  9. Chinese banks fear lending jump may spark increase in bad loans

    Posted Sep 08th 2009, 12:00am by Staff Reporter

    ... Maria Chan Mainland lenders are concerned that non-performing loans will jump in the future after this year's rapid loan growth, but most expect they can keep bad-debt ratios below ... a significant rise in bad debt. Prompted by Beijing's stimulus policies, mainland banks extended 7.73 trillion yuan (HK$8.77 trillion) in loans in the first seven months. The figure compared ...

  10. Loan payments halved for a year under relief plan

    Posted Feb 17th 2004, 12:00am by Chloe Lai

    ... Chloe Lai Recipients of the government's interest-free housing loans who have trouble meeting repayments will be allowed to halve their monthly payments for one year, according ... Under the plan, the unpaid half of the payments would be spread over the remaining loan period. The government's interest-free housing loan scheme allows a person to borrow 30 per cent ...




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