A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.
March 19, 2023The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.
February 10, 2023The LPR was lowered for the first time since April 2020 after data showed a worsening outlook for the property sector and weaker consumer activity.
January 21, 2022Banks are trying to balance risks associated with the property sector against expectations from regulators that they finance acquisitions of real estate projects.
January 17, 2022Project mergers and acquisitions between real estate companies are the most effective market-oriented means for the industry to resolve risks, said the PBOC's Zou Lan.
January 5, 2022The central bank has further tightened real estate credit controls. The FSC will conduct inspections on 20 financial institutions to ensure they are complying.
December 28, 2021Some exchanges were found to be illegally facilitating financing for property developers through the issuance of non-standard debt financing products.
December 22, 2021Banks are asked to support acquisitions of property development projects by healthy real estate companies, including by providing direct loans and facilitating bond issuance.
December 22, 2021The potential for further credit quality deterioration remains, especially if downside risks from the pandemic materialise and cause prolonged disruptions to economic activity.
December 7, 2021The Korea Customs Service will establish mechanisms targeting the sources of funds used by foreign residents for domestic real estate purchases.
November 18, 2021