18 November 2018

Banks stress no change to mortgage policies, paper says

Several state-owned banks have emphasized that there has been no change to their property mortgage loan policies, underscoring that the loans are granted in line with national policies, the China Securities Journal reported Thursday, citing official bank websites. Industrial and Commercial Bank of China (01398.HK, 601398.CN), Bank of China Ltd. (03988.HK, 601988.CN), China Construction Bank (00939.HK, 601939.CN) and Agricultural Bank of China (01288.HK, 601288.CN) said mortgage loans are primarily to help first-home buyers, the report said.

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