Steering Committee proposes to have a period of active transition until 30 April 2024, before banks initiate an industry-wide automatic conversion process around June 2024.
March 16, 2023Some "unscrupulous intermediaries" have been advertising and promoting "illegal" loan conversion as a way to reduce interest costs.
December 27, 2022Beyond the more than 50 percent increase in bad property loans year-on-year, the banks are also seeing weaker loan demand from corporate and retail clients.
September 12, 2022The "very detailed" assessment is aimed at measuring the risks to the financial system from the ongoing crisis in the property sector.
August 22, 2022Banks 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, 2021