Financials Oct 26, 2021 10:07 PM (GMT+8) · EqualOcean
According to a number of bankers in South China, East China and southwest China, last week, many branches of the people's Bank of China and the banking and insurance regulatory bureau gave oral guidance to local banks, and all localities relaxed the amount of real estate loans to varying degrees. A person from a large state-owned provincial branch said that last week, the local people's Bank and the banking and insurance regulatory bureau gave guidance to the bank's policies related to real estate loans. "In principle, banks are allowed to have their own space and room, provided that they follow the direction of marketization and legalization." however, the supervision has not issued clear policies. The president of a local branch of a joint-stock bank said that the mortgage credit line approved by the local people's Bank this month was significantly higher than that of last month.