亚洲精品无播放在线播放,精品国精品自拍自在线,免费国产污网站在线观看不要卡,97色欧美视频在线观看,久久精品本无码一本,国产精品高清视亚洲一区二区,全部无码特级毛片免费播放

Home / English Column / Business (new) / More News Tools: Save | Print | E-mail | Most Read
Banks Told to Curb House Loans
Adjust font size:

China's banking regulatory body has urged commercial banks to take measures to curb the increasing level of lending in the real estate sector.

China needs to significantly increase down payments for mortgages on expensive homes and investment properties as part of measures to rein in bank lending, according to Liu Mingkang, chairman of China Banking Regulatory Commission (CBRC).

"Commercial banks need to keep a close watch on borrowers' repayment ability and their credit status."

Liu made the statement at a meeting on Wednesday with China's major commercial banks. The statement was posted on the commission's website yesterday.

"Banks should greatly promote loans for first-time home owners, but stop granting mortgages for anyone other than the home owner.

"It should significantly increase down payments for those buying anything more than their first home and for expensive properties, villas, commercial properties and other speculative purchases," the statement said.

But CBRC did not specify by how much down payments should be raised.

Property prices in 70 large- and medium-sized Chinese cities witnessed an average 5.5 percent increase in the first quarter from the same period in 2005, according to the National Bureau of Statistics.

The CBRC said it would take a targeted approach to controlling lending by placing stricter requirements on banks that had capital adequacy ratios of less than 8 percent.

It would encourage certain types of property lending, while restricting others.

As well as targeting property lending, the commission said it was asking banks to stop arranging set quotas of loans with local and provincial governments - a major source of lending since the start of the year.

Much of the money has gone into fixed investment in property and other assets.

The CBRC's move was seen as an attempt to keep China's rapid growing economy from overheating.

Last month the central bank raised the one-year benchmark lending rate by 27 base points to 5.85 percent in a bid to curb credit and investment growth.

China reported total loans of 20.6 trillion yuan (US$2.575 trillion), up 14.7 percent over the previous year, at the end of the first quarter.

The central bank recently denied reports that it was considering increasing down payment to 50 percent from 20 percent.

Liu's comments follow a six-point directive issued by the State Council last week requiring government agencies to rein in what many have called runaway property price increases in some cities.

An executive meeting of the State Council chaired by Premier Wen Jiabao vowed to take necessary measures to improve the property market and curb rapid price rises in major cities.

(China Daily May 26, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
Important Step Towards Regulation of Real Estate
New Measures Expected to Curb Soaring House Prices
Vacant Commercial Buildings Surge 18.9 Percent
Central Bank Explains Fast Loan Growth in Q1
?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號(hào)
  • <th id="fomfv"></th><noscript id="fomfv"></noscript>

    <fieldset id="fomfv"><font id="fomfv"></font></fieldset><sup id="fomfv"><menuitem id="fomfv"></menuitem></sup>

    1. <dfn id="fomfv"></dfn>
        1. 亚洲精品无播放在线播放,精品国精品自拍自在线,免费国产污网站在线观看不要卡,97色欧美视频在线观看,久久精品本无码一本,国产精品高清视亚洲一区二区,全部无码特级毛片免费播放 毛片无码免费无码播放 国产精品美女乱子伦高潮 久久男人av资源网站无码 亚洲精品中文字幕AV一本 国产成年无码V片在线 特级毛片直接看不用下载 亚洲深夜无码视频