Press "Enter" to skip to content

Several Chinese cities see lower home mortgage rates

Commercial banks in several Chinese cities including Beijing, Hangzhou and Nanjing have lowered interest rates on home mortgage loans and also accelerated the process of granting loans, bolstering speculation of relaxing restrictions over the sector.

Branches of the Industrial and Commercial Bank of China and Bank of China in Hangzhou, in China's eastern Zhejiang province, took the lead in lowering mortgage interest rates recently, followed by local branches of China Construction Bank, Agricultural Bank of China, China Merchants Bank and HSBC Bank.

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out! 

What you'll get:

  • Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
  • Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!

 

Not ready for the full service? Subscribe to our Free Weekly Newsletter first.

Already have an account? Sign In

Top