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Shanghai personal mortgage loans way up
Shanghai’s new personal housing mortgage loans hit 33.81 billion yuan in the first quarter, up 31.13 billion yuan year-on-year, according to the Shanghai headquarter of the People’s Bank of China,…
Big lenders get stringent on mortgage loans
Major State-run lenders started to become more stringent on mortgage loan disbursements, after the recent government warning on the inherent risks in the sizzling realty market and the need to…
Yuan tweaks set to ring in Asia change
The best currency to own if China lets the yuan appreciate won’t be the yuan, if history is any guide. It’s everything from South Korea’s won to Singapore’s dollar and…
Chinese Central Bank Sees European Debt Crisis Threat to Global Recovery
Europe’s debt crisis is a threat to the global economic recovery and sovereign risks in some countries could still emerge, China’s central bank said today. Concerns about European government debt…
China to keep yuan “basically stable,” gov’t report
China will keep the exchange rate of its currency yuan “basically stable” at an “appropriate and balanced” level, according to a government work report to be delivered by Premier Wen…
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