18.10.2011 - Chinese banks increase mortgage rates as property prices decline |
At least two Chinese banks increased interest rates on mortgages for first homes, after property prices posted their first monthly decline in a year. China Construction Bank Corp., the nation’s second-biggest by market value, increased rates in Beijing to 1.05 times the central bank’s benchmark lending rate, a press officer said today, declining to be identified in line with bank policy..............................................Full Article: Source |