News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Report: CN SOE Banks Offer 2-Yr Mortgage Repayment Grace Period to Borrowers
In response to the prolonged downturn in China's real estate market, several state-owned (SOE) banks proactively contacted cash-strapped borrowers and offered mortgage repaymen...
Reset
Send
The window will close in 5 seconds
Report: CN SOE Banks Offer 2-Yr Mortgage Repayment Grace Period to Borrowers
Close
Recommend
41
Positive
64
Negative
26
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

In response to the prolonged downturn in China's real estate market, several state-owned (SOE) banks proactively contacted cash-strapped borrowers and offered mortgage repayment grace periods of up to two years, Bloomberg, citing people with the knowledge of the matter, reported. The banks would also assist in finding homebuyers instead of declaring defaults and repossessing properties.

Local courts across China purportedly slowed the approval process for mortgage default cases to limit the number of forced property auctions. Some courts suspended or restricted the number of mortgage default lawsuits that banks can file, sources divulged.

Related News JPM Lists Defensive High-Yield Theme Picks for Chinese Stocks (Table)

Auto-translated by AI
View Original Text

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.