Banks are directed to expand lending to SMEs amid concerns that China could struggle to record positive growth in the current quarter.
May 27, 2022The measures include shortening mortgage loan tenors from 30 to 20 years for corporate buyers and owners of multiple homes.
May 23, 2022Banks whose capital adequacy falls below the regulatory minimum as a result of the new risk weights will have to reduce risk-weighted assets or raise new capital.
February 28, 2022MAS proposes to enhance the disclosures regarding possible interest rate changes, while also allowing for borrower acknowledgements to be obtained digitally.
November 19, 2021China Construction Bank received the biggest penalty of CNY 6.1 million. ICBC and Agricultural Bank of China were fined CNY 1.5 million each.
August 3, 2021MAS says this is likely the final extension and that loan repayments must start normalising to minimise debt accumulation.
June 25, 2021The CBIRC will punish lenders that help borrowers to circumvent regulations prohibiting the use of business loans to buy real estate.
June 3, 2021Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.
April 8, 2021The CBIRC's Beijing and Shanghai bureaus have asked banks to review loans granted since mid-2020 to identify illegal inflows of credit funds into the real estate sector.
February 5, 2021Relief will be provided on SME property loans, import facilities and retail mortgage loans. The announcement comes after a DBS employee tested positive for Covid-19.
February 14, 2020