{"id":63630,"date":"2017-08-14T12:29:27","date_gmt":"2017-08-14T05:29:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/citi-hit-with-us1-6m-fine-in-shanghai-for-violated-mortgage-lending-rules-and-slack-credit-card-issuance\/"},"modified":"2017-08-14T12:33:14","modified_gmt":"2017-08-14T05:33:14","slug":"citi-hit-with-us1-6m-fine-in-shanghai-for-violated-mortgage-lending-rules-and-slack-credit-card-issuance","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citi-hit-with-us1-6m-fine-in-shanghai-for-violated-mortgage-lending-rules-and-slack-credit-card-issuance\/","title":{"rendered":"Citi hit with US$1.6m fine in Shanghai for violated mortgage lending rules, and slack credit card issuance"},"content":{"rendered":"


\nUS banking giant Citigroup has been fined 10 million yuan (US$1.6 million) by China\u2019s financial watchdog in Shanghai, accused of violating mortgage lending rules and for showing insufficient care when issuing credit cards.
\nAccording to the China Banking Regulatory Commission (CBRC)\u2019s website, dated August 11, some of the lender\u2019s branches had violated interest rate rules when extending montages, and had not been \u201ccautious enough\u201d when issuing credit cards to some…
\n
\nSource : South China Morning Post
\nRead more…Citi hit with US.6m fine in Shanghai for violated mortgage lending rules, and slack credit card issuance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

US banking giant Citigroup has been fined 10 million yuan (US$1.6 million) by China\u2019s financial...<\/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-63630","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-gyi","jetpack-related-posts":[{"id":139018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/authorities-in-beijing-shanghai-join-the-fray-to-ease-mortgage-lending-rules-to-spur-a-slowing-housing-market\/","url_meta":{"origin":63630,"position":0},"title":"Authorities in Beijing, Shanghai join the fray to ease mortgage lending rules to spur a slowing housing market","date":"September 2, 2023","format":false,"excerpt":"\r Recognising the severity of the problem, the Politburo pledged in late July to adjust and optimise property policies in a timely manner to engineer a gradual recovery of the industry through 2025.\r \r Source : South China Morning Post\r Read more...Authorities in Beijing, Shanghai join the fray to ease\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-toughens-rules-for-pawn-shop-lending\/","url_meta":{"origin":63630,"position":1},"title":"China toughens rules for pawn shop lending","date":"March 18, 2019","format":false,"excerpt":"\r The central Chinese government is tightening regulations over pawn shops in a bid to gain more oversight of the shadow banking industry and the rise of property-backed loans used for undisclosed purposes, Bloomberg reported.\u00a0 Having taken over jurisdiction of pawn shops from the Ministry of Commerce last year, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17150,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banking-regulator-concerned-about-credit-risks-linked-to-aggressive-mortgage-lending-by-developers\/","url_meta":{"origin":63630,"position":2},"title":"Hong Kong banking regulator \u2018concerned\u2019 about credit risks linked to aggressive mortgage lending by developers","date":"June 20, 2016","format":false,"excerpt":"\r Hong Kong\u2019s banking regulator has expressed concern over the ultra-accommodative financing schemes offered by some Hong Kong developers to entice home buyers, saying that it is studying whether controls are needed to help offset credit risk.\r \r Source : South China Morning Post\r Read more...Hong Kong banking regulator \u2018concerned\u2019\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-tightens-rules-on-buying-second-homes-to-cap-soaring-property-prices\/","url_meta":{"origin":63630,"position":3},"title":"Shanghai tightens rules on buying second homes to cap soaring property prices","date":"March 25, 2016","format":false,"excerpt":"\r Shanghai has increased mortgage down payments, raised the threshold for non-locals\u2019 home purchases and tightened oversight on financing through the shadow banking system to rein in its overheated property market.\r \r Source : South China Morning Post\r Read more...Shanghai tightens rules on buying second homes to cap soaring property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-police-detain-suspects-over-rumours-that-sparked-home-buying-chaos\/","url_meta":{"origin":63630,"position":4},"title":"Shanghai police detain suspects over rumours that sparked home-buying chaos","date":"September 14, 2016","format":false,"excerpt":"\r Law enforcers find the root of gossip which led to wide-spread panic Rumours swirled in Shanghai of tightened home lending rules, which led to a panic buying spree and some divorces. Fan jianhua \/ Shutterstock Shanghai authorities have identified the originator of rumours that the Chinese government will tighten\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-unfazed-by-tighter-mortgage-rules-as-14000-register-for-chueng-kong-project\/","url_meta":{"origin":63630,"position":5},"title":"Hong Kong homebuyers unfazed by tighter mortgage rules as 14,000 register for Chueng Kong project","date":"May 25, 2017","format":false,"excerpt":"\r Cheung Kong Property Holdings\u2019 Ocean Pride development in Tsuen Wan has become the most sought after project since August last year after it registered 14,000 prospective buyers who were unfazed by the Hong Kong banking regulator\u2019s moves to tighten mortgage lending for investors. Sun Hung Kai Properties registered 16,700\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\/63630"}],"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=63630"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/63630\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=63630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=63630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=63630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}