{"id":138996,"date":"2023-09-01T09:00:44","date_gmt":"2023-09-01T02:00:44","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-state-banks-face-profit-squeeze-as-they-comply-with-beijings-call-for-mortgage-rate-cuts-to-aid-property-market\/"},"modified":"2023-09-01T09:09:01","modified_gmt":"2023-09-01T02:09:01","slug":"chinas-state-banks-face-profit-squeeze-as-they-comply-with-beijings-call-for-mortgage-rate-cuts-to-aid-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-state-banks-face-profit-squeeze-as-they-comply-with-beijings-call-for-mortgage-rate-cuts-to-aid-property-market\/","title":{"rendered":"China\u2019s state banks face profit squeeze as they comply with Beijing\u2019s call for mortgage-rate cuts to aid property market"},"content":{"rendered":"


\nBanks will cut rates on 16 trillion yuan (US$2.2 trillion) of existing first-home loans, helping households save up to 109 billion yuan in interest, ANZ says. The cut will have a tangible impact on profit margins.
\n
\nSource : South China Morning Post
\nRead more…China\u2019s state banks face profit squeeze as they comply with Beijing\u2019s call for mortgage-rate cuts to aid property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Banks will cut rates on 16 trillion yuan (US$2.2 trillion) of existing first-home loans, helping...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138996","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-A9S","jetpack-related-posts":[{"id":168786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-industry-remains-an-enemy-within-for-beijings-economic-targets\/","url_meta":{"origin":138996,"position":0},"title":"Property industry remains an enemy within for Beijing\u2019s economic targets","date":"January 4, 2026","format":false,"excerpt":"\r The slumbering property sector remains a threat to China\u2019s economic growth because of its huge impact on the employment rate and consumer demand, according to industry officials and analysts. Amid sharp declines in property investment, housing sales and home prices last year, a further downturn of the significant sector\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106710,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-hotels-sector-is-poised-to-benefit-from-beijings-domestic-consumption-push\/","url_meta":{"origin":138996,"position":1},"title":"China\u2019s hotels sector is poised to benefit from Beijing\u2019s domestic consumption push","date":"April 30, 2019","format":false,"excerpt":"\r Despite the fact that China\u2019s GDP growth in 2018, at 6.6 per cent year on year, was the slowest in 28 years, the country\u2019s hotel sector saw robust growth. A growing middle-class population and a government policy to boost domestic consumption ensure positive long-term prospects for the hospitality market.Tourism\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-us2-2-trillion-urban-renewal-plan-to-boost-construction-property-sectors\/","url_meta":{"origin":138996,"position":2},"title":"China\u2019s US$2.2 trillion urban renewal plan to boost construction, property sectors","date":"May 29, 2026","format":false,"excerpt":"\r China\u2019s ambitious urban renewal projects, from upgrading dilapidated homes to rebuilding gas pipelines, are expected to require investment of at least 15 trillion yuan (US$2.2 trillion) in the five years from 2026, offering fresh growth opportunities for construction firms. Property developers also received a shot in the arm on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-profitability-can-weather-record-cut-in-mortgage-lending-rates-analysts-say\/","url_meta":{"origin":138996,"position":3},"title":"Chinese banks\u2019 profitability can weather record cut in mortgage lending rates, analysts say","date":"May 23, 2022","format":false,"excerpt":"\r 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\u2019s call to support the ailing property sector, analysts said.\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125669,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-crackdown-top-developer-country-garden-posts-profit-decline\/","url_meta":{"origin":138996,"position":4},"title":"China\u2019s property crackdown: top developer Country Garden posts profit decline","date":"March 30, 2022","format":false,"excerpt":"\r China\u2019s largest property developer Country Garden Holdings posted another year of profit decline as cracks widened in the country\u2019s US$1.7 trillion housing market. The Shenzhen-based company, ranked at the top of its industry by sales in China, reported on Wednesday a core net profit of 26.93 billion yuan (US$4.2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/xi-jinpings-dream-city-xiongan-may-turn-out-to-be-chinas-biggest-public-works-project-ever\/","url_meta":{"origin":138996,"position":5},"title":"Xi Jinping\u2019s dream city Xiongan may turn out to be China\u2019s biggest public works project, ever","date":"April 13, 2017","format":false,"excerpt":"\r Xiongan New Area, the Chinese president\u2019s ambitious plan to remake a backwater into a dream city, could lure as much as 2.4 trillion yuan (US$348 billion) of investments over the next decade, adding as much as 0.4 percentage point to China\u2019s economic growth every year, according to a projection\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138996"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=138996"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=138996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=138996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=138996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}