Loans


China bans illegal use of business loans over housing bubble fear 

China bans illegal use of business loans over housing bubble fear

(ATF) Banking authorities in China have moved to block the use of business loans as mortgages in an attempt to head off a property bubble.From now on banks are not allowed to grant business-purpose loans to shell enterprises without proof of actual operations. The new rules further strengthen the qualifying …

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Hong Kong online banks to venture into business lending 

Hong Kong online banks to venture into business lending 

Hong Kong's new online banks are planning to move into business lending and wealth management, in search of more lucrative activities beyond savings accounts, senior executives said.Eight online banks were launched this year and, as of November, had taken more than $1 billion in deposits and attracted nearly 300,000 customers.And …

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