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China Mortgage Rates May Rise as Policies Favor SMEs: Times

CHINA PRESS
MNI (Sydney)

China's overall cost of lending, and in particular mortgage rates, may increase moderately this year as policymakers support innovation, SMEs and sustainability while curbing real estate and local government financing vehicles, the Securities Times reported citing Wang Qing, Chief macro analyst at Golden Credit Rating. Wang was interviewed following the PBOC's release of February loan data, which showed overall social financing increased by 1.71 trillion CNY. M2 and the scale of social financing will moderate to match nominal GDP growth, the official securities newspaper said citing chief researcher Wen Bin at Minsheng Bank.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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