A mortgage loan advertising is pictured at a shopping area in Zouping county, Shandong province on Apr. 10, 2017. China’s mortgage loans are likely to slow as the housing market slows amid a government programme to control runaway prices and lending. Photo: Simon Song

China’s sputtering mortgage loans force banks into new businesses

Chinese banks are diversifying their income channels when growth of mortgage loans, a boost to profitability last year, is set to lose steam this year against housing tightening in major cities, analysts said.

Topic |   Banking & Finance

TOP PICKS

A mortgage loan advertising is pictured at a shopping area in Zouping county, Shandong province on Apr. 10, 2017. China’s mortgage loans are likely to slow as the housing market slows amid a government programme to control runaway prices and lending. Photo: Simon Song
READ FULL ARTICLE