sharon sanders
Editor-in-Chief & President
[h=1]A number of banks in Shenzhen Branch suspended the issuance of mortgage lending banks saying interest rates will not be lowered with LPR[/h] At 18:33 on November 25 2019 from Caixin
CCB’s head office temporarily closed the mortgage lending system of the bank’s Shenzhen branch, or will resume lending on New Year’s Day in 2020
[Financial new network] (reporter Wu Hongyu Ran Wang Wei )
The real estate market has already played the "five limits".
The so-called "five-limit spectrum" refers to the restriction of loans, purchase restrictions, sales restrictions, price limits, and business restrictions, which form a suppression of the real estate market from both sides of supply and demand. In terms of credit limit, the measures adopted by the supervision are mainly through window guidance and compliance inspection, and strictly control the scale of on- and off-balance sheet of real estate personal mortgage loans and development loans (see Caixin Weekly, No. 27, 2019) “ Re-regulation of real estate financing ”).
In this context, individual banks in individual regions have suspended the issuance of housing-related loans. In September 2019, individual stock exchanges in East China had suspended the issuance of real estate development loans (see Caixin.com, “ Banks tightened development loans, individual branches in East China have suspended lending ”).
According to Caixin reporter, in mid-November 2019, the Shenzhen branch of the two major state-owned banks , China Construction Bank and Bank of China, has suspended the issuance of mortgage loans. A senior real estate market source told Caixin reporter, "From November 18, 2019, CCB Shenzhen Branch has suspended the lending, and the CCB head office directly closed the Shenzhen branch's (mortgage loan) lending system."
zhttp://finance.caixin.com/2019-11-25/101487057.html
CCB’s head office temporarily closed the mortgage lending system of the bank’s Shenzhen branch, or will resume lending on New Year’s Day in 2020
[Financial new network] (reporter Wu Hongyu Ran Wang Wei )
The real estate market has already played the "five limits".
The so-called "five-limit spectrum" refers to the restriction of loans, purchase restrictions, sales restrictions, price limits, and business restrictions, which form a suppression of the real estate market from both sides of supply and demand. In terms of credit limit, the measures adopted by the supervision are mainly through window guidance and compliance inspection, and strictly control the scale of on- and off-balance sheet of real estate personal mortgage loans and development loans (see Caixin Weekly, No. 27, 2019) “ Re-regulation of real estate financing ”).
In this context, individual banks in individual regions have suspended the issuance of housing-related loans. In September 2019, individual stock exchanges in East China had suspended the issuance of real estate development loans (see Caixin.com, “ Banks tightened development loans, individual branches in East China have suspended lending ”).
According to Caixin reporter, in mid-November 2019, the Shenzhen branch of the two major state-owned banks , China Construction Bank and Bank of China, has suspended the issuance of mortgage loans. A senior real estate market source told Caixin reporter, "From November 18, 2019, CCB Shenzhen Branch has suspended the lending, and the CCB head office directly closed the Shenzhen branch's (mortgage loan) lending system."
zhttp://finance.caixin.com/2019-11-25/101487057.html