CITIC Bank's three mortgage rates up to 1.2 times times

At Citic Bank's results briefing yesterday (April 29), President Chen Xiaoxian disclosed that Citic Bank's plan to issue no more than 25 billion yuan in subordinated debt had been approved by the CBRC and that equity financing plans for the next 3 years were in the process of being prepared.　　In addition, CITIC Bank executives said the bank's new rules of mortgage regulations have raised interest rates on the third set of mortgages, raised to 1.2 times times the benchmark rate.　　The bank said interest rates would rise to 0.8 times times the benchmark rate for the first mortgage on more than 90 sq m, and the two mortgages would rise to 1.1 times times the benchmark rate; As for three or more mortgage rates would rise to 1.2 times times the benchmark rate or even higher. At the same time, the bank's senior executives stressed: "CITIC Bank to implement new rules, on the one hand, to further strictly implement the requirements of the regulatory department, on the other hand also need to be based on prudent principles to meet the real demand for homebuyers, but also to effectively control speculative home purchase." Chen Xiaoxian revealed that last year, the bank's local government financing platform loans accounted for 15% of the total number of new loans, and 50% of such local loans to the land reserve-related enterprises, 30% to the water, electricity, gas and other concessions of enterprises, other comprehensive loans accounted for 20%. "This year, the CBRC strictly controls the risk of local financing platform loans, the Citic Bank also attaches great importance." Therefore, this year CITIC Bank will focus on the selection of high-quality, strong risk-resistant developers, customers, and the land mortgage rate of strict audit, the current risk is controllable. ”