Home buyers seeking a loan to buy a second home may face a harder time securing a mortgage in Shanghai because banks are reportedly tightening up their mortgage policies.
Most banks declined to comment on the issue, saying it’s sensitive or quoting regulator’s rules. But sources said yesterday that Bank of Communications will tighten approval of [...]
China Construction Bank, one of the country’s top four lenders, announced Friday its net profit in the third quarter rose 18.56 percent year on year to 30.3 billion yuan (4.4 billion U.S. dollars).
The non-performing loan rate of the bank stood at 1.57 percent by September, down 0.64 percentage point from the end of last year, [...]
M Square, the first community shopping center in the city’s Yuyuan Garden business area, will open in December, catering to neighborhood residents rather than tourists.
The center is part of Hong Kong Metropolis, a 1 billion yuan (US$146 million) building project by Shanghai Sin Tat Lee Property Development Co.
The development also includes an office building scheduled [...]
China Construction Bank, the country’s second-largest lender by assets, beat forecasts with an 11.7 percent jump in second-quarter profit, as loans soared under the country’s economic stimulus plan.
The lender, in which Bank of America has about an 11 percent stake, yesterday said there was also an encouraging development in net interest margins, the major source [...]
China Construction Bank Corp., the second largest in China, declared Wednesday it would buy a unit of American International Group Inc. for 70 million U.S. dollars or 543 million HK dollars.
China Construction Bank (Asia) will buy 100 percent of AIG Finance (Hong Kong) Ltd.. This is China Construction Bank’s first overseas acquisition in three years.
China [...]
Shanghai’s key stock index climbed for a third consecutive day and closed at a 10-month high yesterday after macro-economic data for last month was released yesterday morning.
The benchmark Shanghai Composite Index rose 1.02 percent, or 28.36 points, to close at 2,816.25, the highest since July 30. Turnover was 144.1 billion yuan (US$21.1 billion).
Tags: bank, China [...]
