Property News · May 23, 2022

Chinese banks’ profitability can weather record cut in mortgage lending rates, analysts say


Chinese banks are likely to survive an unexpectedly large cut in their loan prime rate, the benchmark they use to price mortgages and long-term infrastructure loans, thanks to lower funding costs that have given them more headroom to heed Beijing’s call to support the ailing property sector, analysts said.

Source : South China Morning Post
Read more…Chinese banks’ profitability can weather record cut in mortgage lending rates, analysts say

You may also like...