Chinese authorities are promising to establish an initial rescue fund of $11.8 billion (80 billion yuan) to offset a looming crisis in the real estate sector, where homebuyers routinely purchase residences from developers' plans and begin making mortgage payments before the dwellings are finished. By having customers purchase homes "off plan," builders can receive construction…
Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn i
China's property bust passes the tipping point macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
China extends property loans at the fastest pace in three years as mortgage crisis spreads ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
China's banking regulator said on Thursday that relevant work regarding some village banks, in which depositors found that they could not withdraw their cash, is making steady progress.
China steadily increased lending to small businesses and optimized credit structure to tide over tough times while its banking sector improved risk management and stepped up disposal of risks, regulatory officials said on Friday.
BEIJING — China’s banking sector’s non-performing loan (NPL) ratio was at 1.79% at the end of March, down 0.03 percentage points from the start of the year,…
China's banking sector's
non-performing loan ratio was at 1.79% at the end of
March, down 0.03 percentage points from the start of the year,
the country's banking and insurance regulator said on... | April 15, 2022