The mainland's big state banks and their smaller rivals in Shanghai have rapidly revived efforts to attract local mortgage clients, offering first-home buyers discount rates much lower than last year's industry average.Wednesday, 14 March, 2012, 12:00am
After making the biggest investment decision of her life to buy a flat in Hong Kong, Palanka Luk is now wrestling with another challenge - what type of mortgage should she choose?
'A prime-linked rate, or a loan linked to the Hong Kong interbank offered rate (Hibor)?' mused the single office worker in her mid-30s.14 Mar 2012 - 12:00am
Property sales on the mainland climbed significantly this month amid a lowering of mortgage rates at banks and steep price cuts by developers at new projects.14 Mar 2012 - 12:00am
Beijing office rents rise faster than rest of region7 Mar 2012 - 12:00am
Carson Yeung claims bank allowed delayed payment29 Feb 2012 - 12:00am
Falling home prices on the mainland are forcing some developers to allow first-time home buyers to delay down payments - or subsidise the payments to boost sales.28 Feb 2012 - 12:00am
Easier access to credit for developers is unlikely to stop home prices on the mainland from falling, according to analysts.
Their comments follow the decision last week by the People's Bank of China to lower banks' reserve requirement ratios, which is the percentage of deposits they are obliged to keep on reserve, by 50 basis points.22 Feb 2012 - 12:00am
Mainland bank earnings reached a record 1.04 trillion yuan (HK$1.28 trillion) last year, up 15.8 per cent from 2010, according to data from the China Banking Regulatory Commission.
However, the pace of growth was much slower than the 34.5 per cent surge in earnings in 2010, but still faster than the 14.6 per cent increase in 2009.20 Feb 2012 - 12:00am