{"id":69146,"date":"2017-10-16T18:35:32","date_gmt":"2017-10-16T11:35:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-demanding-proof-that-consumer-loans-are-not-being-used-to-buy-property\/"},"modified":"2017-10-16T19:05:04","modified_gmt":"2017-10-16T12:05:04","slug":"chinese-banks-demanding-proof-that-consumer-loans-are-not-being-used-to-buy-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-banks-demanding-proof-that-consumer-loans-are-not-being-used-to-buy-property\/","title":{"rendered":"Chinese banks demanding proof that consumer loans are not being used to buy property"},"content":{"rendered":"


\nChina\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.
\nCustomers of China Merchants Bank with loans upwards of 10,000 yuan (US$1,517) are being requested by text messages to submit proof of use, according to messages seen by the Post. Media reports said customers of some banks are required to…
\n
\nSource : South China Morning Post
\nRead more…Chinese banks demanding proof that consumer loans are not being used to buy property<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s commercial banks have begun asking clients to submit \u201cproof of use\u201d for consumer loans,...<\/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-69146","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-hZg","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":69146,"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":115758,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-17000-bank-customers-seek-to-defer-mortgage-payments\/","url_meta":{"origin":69146,"position":1},"title":"Over 17,000 bank customers seek to defer mortgage payments","date":"April 21, 2020","format":false,"excerpt":"\r Singapore saw more than 17,000 bank consumers applying for a deferment of their mortgage repayments, reported The Business Times. The figure, which was collated across seven major retail banks, represents around 3% of total mortgage loans here and about 2% of households with outstanding home loans. At least 3,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-banks-withdraw-from-offering-apartment-backed-loans\/","url_meta":{"origin":69146,"position":2},"title":"China banks withdraw from offering apartment-backed loans","date":"April 14, 2017","format":false,"excerpt":"\r Some Chinese banks have halted lending to individual borrowers planning to use apartments built on commercial or office landas collateral, and dropped preferential interest rates for first-time home buyers, according to banking sources. Making such apartments ineligible as collateral \u2013 further squeezing the value of the previously popular product\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116041,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/repayment-of-a-wider-pool-of-loans-may-be-deferred-from-6-may-mas\/","url_meta":{"origin":69146,"position":3},"title":"Repayment of a wider pool of loans may be deferred from 6 May \u2013 MAS","date":"May 4, 2020","format":false,"excerpt":"\r Banks and financial institutions are going to provide for such deferments, but it is up for their customers to opt-in for it. The Monetary Authority of Singapore (MAS) announced that individuals may request for the deferment of loan repayments which include commercial and industrial property loans, education, renovation, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140440,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jpmorgan-says-unsecured-loans-to-mainland-chinese-developers-a-risky-move\/","url_meta":{"origin":69146,"position":4},"title":"JPMorgan says unsecured loans to mainland Chinese developers a \u2018risky move\u2019","date":"November 24, 2023","format":false,"excerpt":"\r If China allows lenders to issue loans to some developers, it \u2018would be negative for banks as it would raise concerns about national service risk and credit risk in the medium term\u2019, JPMorgan analysts say.\r \r Source : South China Morning Post\r Read more...JPMorgan says unsecured loans to mainland\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143831,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-tycoon-chen-hongtian-faces-demands-on-more-than-us200-million-of-overdue-property-related-loans\/","url_meta":{"origin":69146,"position":5},"title":"Chinese tycoon Chen Hongtian faces demands on more than US$200 million of overdue property-related loans","date":"April 22, 2024","format":false,"excerpt":"\r Chen Hongtian, who had snapped up mansions and offices in Hong Kong and London, faces demands from banks to repay more than US$200 million of overdue loans following the market slump.\r \r Source : South China Morning Post\r Read more...Chinese tycoon Chen Hongtian faces demands on more than US0\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\/69146"}],"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=69146"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=69146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=69146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=69146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}