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Fitch: CN New Property Policies May Put Additional Pressure on Banks' NIM
Recommend 49 Positive 104 Negative 57 |
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The Chinese government's new property support policies aim to stabilize housing demand and reduce unsold home surplus, but may exert additional pressure on banks' net interest margins (NIM), Fitch Ratings said. These measures are not expected to weaken reported bank asset quality significantly. Fitch Ratings continued to expect its rated Chinese banks to maintain cautious underwriting and a broadly stable risk appetite despite the latest lowering of down payment requirements. The nationwide residential mortgage loan-to-value (LTV) ratio is around 60%, and Fitch Ratings did not expect a sharp rise in the LTV ratio in the near to medium term. Most new mortgage originations will be concentrated in first- and second-tier cities, where collateral valuations have typically been more stable. AAStocks Financial News |
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