Media Digests

Home-loan credit may tighten

Updated: 2011-09-01 15:33

By Yin Mingzhe (

Twitter Facebook Myspace Yahoo! Linkedin Mixx

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.

Home-loan credit may tighten

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.


City's dynamic teutons

German cluster gives a fillip, competitive edge to local economy in Taicang

Short and sweet
Game for growth
Character reference

European Edition


Hunting grounds

Opinion divided as China debates opening door to international players

Flying the TCM flag

A small German town is home to Europe's flagship clinic for traditional Chinese medicine

Animal attraction

World's youngest chief fur designer set to launch own label and tap into huge China market.

Sowing the seeds of doubt
Lifting the veil
Exclusive attraction