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Adjustment of mortgage interest rate lethality the strongest old customers worry about being implicated

"The country's new mortgage policy is to combat the speculation of the house, did not expect us to buy the first suite of these loans to the old customers are implicated, as if others are sick, but also to force unrelated third party to take medicine."    "The public is worried by the news that Bank of China will raise the rate of the first mortgage loan in the last two days, and many people worry that the bank's action will lead other banks to follow up," he said. The adjustment of interest rate is due to three categories of Bank of China last weekend, the New Deal rules show, in addition to reaffirming the new deal, and said "in principle suspended third and above housing loans", also in all silver ...

Bank mortgage policy tightens first suite loan interest rate 85 percent or trend

Since the bank took the lead to cancel the first suite mortgage rate 70 percent discount, many banks have followed up.  The information collected in the recent February Mortgage market report shows that BOC, CMB, Everbright, Beijing agricultural firm, Bank of China, and Nanjing Bank have 6 banks that have adjusted the minimum preferential rate of the first suite to 8 50 percent, and the Guangdong bank adjusts to 80 percent. At present, although a few banks can still handle the "first suite" loan rate of 70 percent discount, but compared with 2009, the difficulty has increased. Some banks said that users meet the basic loan conditions, but also meet additional conditions such as: customer must ...

BOC Consumer finance Company approved

Yesterday, the Pudong New area, together with the Bank of China and the Hundred Joint Group, co-sponsored the BOC Consumer finance company to obtain the approval of the China Banking Regulatory Commission, is one of the first batch of three consumer finance companies approved to build nationwide. The consumer finance company was approved for construction, the CBRC announced on the evening of August 13, 2009, "Consumer finance company pilot management measures" and announced the launch of consumer finance company pilot approval, less than 5 months. This is a major breakthrough in Pudong to promote financial innovation, to improve the system of financial institutions, to further expand consumption, play the role of financial support for the transformation of development mode, on the Pudong ...

ICBC opens five European branches

Yesterday, ICBC said, January 17, local time, ICBC in Luxembourg announced that the bank in Paris, France, Brussels, Amsterdam, Italy, Milan and Madrid, Spain five branches from the immediate opening.  At the same time, ICBC has officially renamed Industrial and Commercial Bank of China Luxembourg Limited, a wholly-owned subsidiary in Luxembourg, to ICBC (Europe) Limited (hereinafter "ICBC Europe"). At this point, ICBC in Europe, Germany, Luxembourg, Britain, Russia, France, the Netherlands, Belgium, Italy, Spain 9 countries to hold ...

Zhou Xiaochuan says Chinese banking lending is stable

On the afternoon of February 9, Zhou Xiaochuan, governor of the People's Bank of China, said in Tuesday that Chinese banking lending was stable. Mr. Zhou made the remarks at a seminar in Sydney attended by the RBA. It is reported that the CBRC had explicitly asked banks to lend a balanced quarterly, strict controls non-performing loans rebound.  CCB first disclosed this year that the new loan limit was set at RMB 750 billion and set new lending quotas for each quarter to meet regulatory demands for balanced loan growth. Previous media reports, the end of last year, the CBRC through window guidance, and other ways, the banks this year ...

China's foreign exchange reserves first broken 2 trillion U.S. dollars

June Broad money supply growth rate at a record high the People's Bank of China yesterday released statistics showing that by the end of June this year, China's foreign exchange reserves balance of 2.1316 trillion U.S. dollars, the first breakthrough 2 trillion U.S. dollars, an increase of 17.84%. The first half of the country's foreign exchange reserves increased 185.6 billion U.S. dollars, less than 95 billion U.S. dollars.  June foreign exchange reserves increased by 42.1 billion U.S. dollars, up to 30.2 billion U.S. dollars. For the rapid growth of foreign exchange reserves, some experts pointed out that although export growth in the first half sluggish, but import growth is relatively slow, so the increase in trade surplus ...

Multi-city first mortgage 70 percent interest rate or end further curb speculation

Economic comics: After the Bank of China, after a number of banks on mortgage interest rate of 70 percent to raise the threshold of the new society hair Comics Chinese Xinhua Beijing, February 23 (Lin) Before the Spring Festival, the national banks issued a cancellation of the first set of mortgage 70 percent interest rate concessions, and after the holiday credit tension has not been released Banks have tightened their first mortgage concessions, and several cities have rarely had 70 percent interest rates on their first mortgage.  And the 70 percent interest rate will end, let people ask questions, from operating pressure or curb speculation? Many cities rarely have the first set of mortgage 70 percent interest rate with the Bank of China first cancellation of the first suite loans 70 percent interest rate concessions ...

Several banks were informed that new credit would be discontinued for the remainder of January

Industry insiders believe that the new year to date the credit has been in the trillion is the main reason for Beijing, Shanghai, a variety of people to China Securities News reporter disclosed that the major commercial banks 19th have received oral notice to the competent authorities, to complete the rest of January to stop new credit, including paper financing.  According to other sources, 18th, the Bank of China at all levels of branches have received the head Office documents, request to stop operating all bills business, and when the resumption will be waiting for the headquarters notice. "17th received oral notice from the branch leader, asked the branch to control the scale of risk assets, in principle, not allowed to issue new loans." "Bank of China ...

The official Mall of Societe Generale has recently launched a direct purchase channel overseas

Absrtact: April 15 News, the official Mall of Societe Generale has been online overseas direct purchase channels, consumers can directly buy overseas goods through the channel. At present, the channel has only introduced milk powder and health food 2 categories A total of 17 products. Societe Generale Overseas Direct acquisition of the April 15 news, Societe Generale official mall recently launched a foreign direct purchase channel, consumers can directly buy overseas goods through the channel.   At present, the channel has only introduced milk powder and health food 2 categories A total of 17 products. Societe Generale overseas direct purchase channel billion power ...

Can China Post "get a share" in the field of internet mobile payment?

Daily Economic News reporter Xie Zhenyu from Chengdu, "post boss" China Post, is expected in the transaction amount has exceeded 10 trillion yuan in the field of Internet mobile payment, "a share." Recently, China Post planned to invest 100 million yuan to set up an electronic payment service base to launch mobile phones and Internet payment. It is reported that the People's Bank of China Chongqing Camp Department has accepted the application. In response, Wu Chunyong, an expert on the financial industry, pointed out that this shows that China Post started to exert force in the field of third-party payment. "The Internet and mobile payment market have a bright future, especially in the field of mobile payment, and demand is being stimulated.

China Post launched a mobile payment base settled in Chongqing

"Postal Boss" China Post, is expected in the transaction amount has exceeded 10 trillion yuan in the field of Internet mobile payment, "a share." Recently, China Post planned to invest 100 million yuan to set up an electronic payment service base to launch mobile phones and Internet payment. It is reported that the People's Bank of China Chongqing Camp Department has accepted the application. In response, Wu Chunyong, an expert on the financial industry, pointed out that this shows that China Post started to exert force in the field of third-party payment. "There is a huge market prospect for the Internet and mobile payment, and the demand is being stimulated in particular in the field of mobile payment." However, Alipay and so on ...

Agricultural Bank of China Li Hai: Banking portal marketing changes

And information technology news March 22, hosted by iResearch Consulting Group, the seventh annual iResearch summit held in Beijing. The annual meeting of Ereli lasted two days. Many industry leaders participated in the summit forum on the first day for exchange and discussion. The next day March 23, the industry elites on-site multi-dimensional analysis of industry dynamics, share successful experience and unique insights. Li Hai, director of e-banking website administration of Agricultural Bank of China, delivered a keynote speech. Turning to change, let me give you an example. Now we all know that for several years we are all a negative interest time, and we want to preserve the value of our assets. Everyone is thinking of various things.

Unprecedented liquidity and the timing of the double-rate adjustment

Unprecedented liquidity and the timing of the "double rate" is not until June M1 and credit growth are all record record foreign exchange reserves balance exceeded 2 trillion USD 15th, the People's Bank of China, the PBoC released data showed that in June monetary credit continued to grow, narrow money supply (M1) and credit balance growth rates are the highest.  At the end of June, the foreign exchange reserve balance was 2.1316 trillion U.S. dollars, an increase of 17.84%. Analysts pointed out that the current credit increase may be more than the appropriate level of economic needs, inflation expectations have increased, the central bank is expected to regulate monetary credit will increase, but during the year ...

CBRC: Timely inspection of the implementation of new regulations on loan governance

Xinhua Beijing, December 16 (reporter Liu Shiping, Wu Yu) China Banking Regulatory Commission, a director of bank supervision Yang Jiacai said recently, the bank supervision part will be timely on "Fixed assets loan management interim measures" and "project financing business Guideline" and other loan business governance new regulations to implement law enforcement inspection, investigate and punish irregularities. Yang Jiacai, a recent Bank of China Banking Association held in the front of the topic of the forum, said that only all banking institutions to act together to promote the new regulation of loan governance "a guideline for the three measures" successfully implemented to protect the common interests of the banking industry. "Three approaches a guideline" helps ...

People's bank formally joins the committee of international payment and settlement system

People's Bank of China formally joined the Committee on international Payment and settlement system (CPSS) in July 2009, the PBC formally joined the Committee on international Payment and settlement system (Committeeon Payment and settlement Systems,cpss),  Become one of its 23 full members. CPSS is an international professional organization launched by the Central Bank of the group of Ten, which is based in the Bank for International Settlements (BIS) and organizes 3 meetings a year. CPSS has been committed to the development of payment and settlement system and reform workers ...

Export rebate Account Escrow loan increase to 90%

Four departments of the People's Bank of China, the CBRC, the Ministry of Commerce and the State Administration of taxation have issued notices to increase the amount of the managed Loans for export tax rebate accounts from 70% to 90% of the current tax refund.  This will ease the export tax rebate cycle to the enterprise's capital occupation problem, is a stable export to promote economic growth, another move. The export tax refund account trusteeship Loan refers to the short-term liquidity which the commercial bank provides to the export enterprise to repay the tax refund receivable as the repayment guarantee, under the premise of the enterprise's export tax refund account, which is the short-term fund difficulty to solve the drawback of the export enterprise.

BOC Hong Kong Rose 0.3% to repeat overweight rating

The Chinese Bank of China, Hong Kong, yesterday closed a stalemate at the closing price, with shares now rising 0.31% to HK $13.1 and trading 10.8 million shares.  JPMorgan's report said it maintained its overweight rating and raised its target price from HK $10.5 to HK $16, a premium of 22% per cent. JPMorgan estimated that the bank had raised its earnings forecast for 09 and 10 by 15.9% and 11.1% per cent, with a growth of 13.3% and 16.7% of its shareholder returns, due to the higher quality of credit assets and the increase in stock commission income, and the estimated credit cost for this year to be only 17 points (previously estimated ...).

MOU yesterday's formal entry into force Bank Insurance Securities licensing measures to be announced in the near future

7 Taiwan banks which set up a representative office in mainland China set up a Taiwan Branch application report is ready. According to the Xinhua news Agency's Cross-strait Financial Supervision Cooperation memorandum (MOU) yesterday, the official entry into force, marking the cross-strait financial opening "firing a gun". MOU includes cross-strait banking, securities and futures, insurance and other aspects of regulatory cooperation, including information exchange, information confidentiality, joint supervision, ex post liaison and exchange visits, as well as crisis management. MoU stipulated the two sides financial market access and preferential measures for the cross-strait industry has long been brewing mutually established branches, subscription shares ...

Financial support policy issued to fill the cultural industry Development Short Board

actively develop cultural consumer credit products. Information map of the Ministry of Finance, the People's Bank of China, the Ministry of Culture and other nine departments of the "financial support cultural industry revitalization and development and prosperity of the guidance" 8th officially released, "guidance" requires the adoption of innovative credit products, the perfect credit model, cultivate the insurance market, the implementation of cultural property rights  Increase financial support for cultural industry development.  Experts pointed out that the "guidance" is the first financial support in recent years of the comprehensive cultural industry guidance document, its significance is self-evident. ⊙ reporter Hu Wei 0 Editor Heng Road ...

HK-Zhuhai-Macau bridge investment will exceed 70 billion

Xinhua News agency, the world's longest cross-Sea bridge-Hong Kong-Zhuhai-Macao Bridge was formally opened 15th morning.  Reporter 15th from the Bank of China learned that BOC Hong Kong-Zhuhai-Macao Bridge syndicated project test results show that the mainland and Hong Kong and Macao Financial Institutions on the project syndicated response enthusiastically, cumulative intention to participate in the total amount of RMB equivalent to about 53.5 billion yuan, to reach the total syndicated amount of 2.82 times times. BoC said that it had reached agreement with the Hong Kong-Zhuhai-Macau Bridge office on the formation of the relevant text of the loan-leading bank entrustment agreement, Information memorandum, etc.

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