{"id":66970,"date":"2017-09-20T17:30:30","date_gmt":"2017-09-20T10:30:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/nearly-us46bn-taken-out-in-short-term-consumer-loans-since-march-to-help-fund-chinese-house-buys\/"},"modified":"2017-09-20T18:09:46","modified_gmt":"2017-09-20T11:09:46","slug":"nearly-us46bn-taken-out-in-short-term-consumer-loans-since-march-to-help-fund-chinese-house-buys","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nearly-us46bn-taken-out-in-short-term-consumer-loans-since-march-to-help-fund-chinese-house-buys\/","title":{"rendered":"Nearly US$46bn taken out in short-term consumer loans since March to help fund Chinese house buys"},"content":{"rendered":"


\nAt least 300 billion yuan (US$45.7 billion) worth of short-term consumer loans have been taken out by Chinese borrowers and ploughed into the country\u2019s housing market since March \u2013 creating a new funding channel for home buyers to circumvent government efforts at cutting record levels of debt, according to new figures.<\/p>\n

Short-term consumer loans are typically used for buying big-ticket consumer goods, paying for education, or buying a car.<\/p>\n

But new research from the E-House…
\n
\nSource : South China Morning Post
\nRead more…Nearly USbn taken out in short-term consumer loans since March to help fund Chinese house buys<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

At least 300 billion yuan (US$45.7 billion) worth of short-term consumer loans have been taken...<\/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-66970","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-hqa","jetpack-related-posts":[{"id":69198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-demanding-proof-that-consumer-loans-are-not-being-used-to-buy-property-2\/","url_meta":{"origin":66970,"position":0},"title":"Chinese banks demanding proof that consumer loans are not being used to buy property","date":"October 17, 2017","format":false,"excerpt":"\r China's commercial banks have begun asking clients to submit \"proof of use\" for consumer loans, as the government tightens regulations on concern that such loans are being used to buy property and are helping to fuelling a property...\r \r Source : nzherald.co.nz\/Property\r Read more...Chinese banks demanding proof that consumer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-demanding-proof-that-consumer-loans-are-not-being-used-to-buy-property\/","url_meta":{"origin":66970,"position":1},"title":"Chinese banks demanding proof that consumer loans are not being used to buy property","date":"October 16, 2017","format":false,"excerpt":"\r China\u2019s commercial banks have begun asking clients to submit \u201cproof of use\u201d for consumer loans, as the government tightens regulations on concern that such loans are being used to buy property and are helping to fuelling a property bubble. Customers of China Merchants Bank with loans upwards of 10,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-housing-loans-continue-to-fall-in-april\/","url_meta":{"origin":66970,"position":2},"title":"MAS: Housing loans continue to fall in April","date":"June 3, 2019","format":false,"excerpt":"\r Loans fell to $202.76 billion in April, from $203.38 billion in March.\u00a0\u00a0 Preliminary data from the Monetary Authority of Singapore (MAS) revealed that housing loans in Singapore fell for a third month in April, which resulted to a continued drop in consumer loans, reported The Business Times. Bridging loans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/legalized-loan-sharking-payday-loan-customers-recount-their-experiences\/","url_meta":{"origin":66970,"position":3},"title":"'Legalized loan sharking': payday loan customers recount their experiences","date":"January 22, 2018","format":false,"excerpt":"\r The Consumer Financial Protection Bureau has ordered a review of rules on short-term loans. Three customers say companies lured them into a trapMick Mulvaney, White House budget director and interim director of the Consumer Financial Protection Bureau, recently announced a review of rules on payday loans. Payday loan companies\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-wongas-predatory-student-loans-offer\/","url_meta":{"origin":66970,"position":4},"title":"Warning over Wonga's 'predatory' student loans offer","date":"January 12, 2012","format":false,"excerpt":"\r Consumer Credit Counselling Service and NUS voice concerns as payday loans company aims to attract students to its 4,214% APR lending serviceLoan company Wonga has been accused of being \"cynical\" and \"predatory\" after suggesting students take out high cost short-term loans to buy plane tickets to the Canary Islands.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1593,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-loans-drive-surge-in-uk-consumer-borrowing\/","url_meta":{"origin":66970,"position":5},"title":"Car loans drive surge in UK consumer borrowing","date":"January 15, 2016","format":false,"excerpt":"\r Personal loans and credit card borrowing jumped in November, says Bank of EnglandA surge in loans for new cars was behind a big increase in lending to households, according to Bank of England figures, which may raise fresh fears that families are falling into the trap of debt-fuelled spending.\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\/66970"}],"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=66970"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66970\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}