Potential buyers look at models of new residential developments for sale in Beijing. China’s big four state-owned banks significantly slowed their lending pace in the first half of this year. Photo: EPA

China’s big banks slow lending pace, devote 90pc of new mortgages to first-time buyers

Topic |   Agricultural Bank of China

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Potential buyers look at models of new residential developments for sale in Beijing. China’s big four state-owned banks significantly slowed their lending pace in the first half of this year. Photo: EPA
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Zheng Yangpeng

Zheng Yangpeng

Zheng Yangpeng is a business reporter at the Post, covering China property, banking and finance. He previously worked for China Daily, joining the Post in 2016. He holds a Bachelor's Degree in Journalism and Communication from Peking University, and a Master's Degree in Global Business Journalism from Tsinghua University.