NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.
June 22, 2022Banks are instructed to review their concentration of real estate lending business and strengthen risk controls and post-loan management.
December 13, 2021Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021The CBIRC will punish lenders that help borrowers to circumvent regulations prohibiting the use of business loans to buy real estate.
June 3, 2021Huaxia Bank, China Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia's China branch were fined a total $56.9mn.
May 24, 2021Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.
January 5, 2021Banks with real estate loans exceeding a certain level are being given window guidance telling them to limit lending to property developers and homebuyers.
September 13, 2019The bank reportedly extended loans to persons connected to 'antisocial forces', and potentially executed over 100 fraudulent real estate loans.
May 28, 2019