Mortgage loans will be harder to get following the central bank's latest move to further tighten liquidity, Shanghai-based National Business Daily (NBD) reported Thursday.
The new rule issued by the People's Bank of China requires commercial banks to include margin deposits in their required reserves, which means restricted availability of credit may also reduce mortgage loans.
![]() |
The newspaper reported several banks in Beijing had already suspended mortgage loans and increased down payments to 50 percent of home-loans. Other banks have also said that home-loan applications may become more difficult.
"We don't have any line of credit now and have suspended the individual mortgage business. Now we only give collateral loans based on property certificates for corporate purpose," a staff member of Minsheng Bank told the reporter.
State-owned banks such as the Industrial and Commercial Bank of China Ltd and China Construction Bank Corp have stated that their home-loan policies have not changed despite the tightened line of creidt, NBD reported.
Comments: (China Daily Website - Connecting China Connecting the World

USEUROPE
AFRICAASIA
中文Français


- HOME
- CHINA
- WORLD
- BUSINESS
- LIFESTYLE
- CULTURE
- TRAVEL
- WATCHTHIS
- SPORTS
- OPINION
- REGIONAL
- FORUM
- NEWSPAPER
- China Daily PDF
- China Daily E-paper
- MOBILE
BACK TO THE TOP

Copyright 1995 -
. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263
About China Daily
Advertise on Site
Contact Us
Job Offer
Expat Employment
FOLLOW US

)
Sorry, the page you requested was not found.
Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page
Registration Number: 130349