Related News
Home 禄 Business 禄 Real Estate
Chinese banks try to ease loan fears
Print Edition
China’s major banks said yesterday that they continue to maintain a stable credit policy on the property sector as they attempt to ease worries that they have tightened lending to developers amid rising risks.
Nine Chinese banks, including the big-five banks, China Merchants Bank, China CITIC Bank, Shanghai Pudong Development Bank, and China Minsheng Banking Corp, have posted statements saying they didn’t halt loans to the sector.
The big-five banks are the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China, the Bank of China and the Bank of Communications.
BOC will continue to make property loans this year and actively support first-home buyers, it said in a statement posted on its website yesterday.
CCB also said it has not changed or adjusted its policy on property loans this year.
Fujian-based Industrial Bank has halted a type of loan called mezzanine loan to property developers as well as financing to property-related supply chain, which sparked worries that all the banks may follow its lead. Shanghai’s stock index fell for two straight days this week over the news.
In real estate finance, mezzanine loans are often used by developers to secure supplementary financing for development projects.
Analysts, however, said the Industrial Bank’s move is unlikely to become an industry-wide phenomena. The bank has cut its risk appetite since the second half of last year as 34 percent of its total assets were loans to the property sector and local governments — the most among all listed banks in China, according to China International Capital Corp.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
