China Merchants Bank @ The China Perspective

Great reporting from the Reference News into the government's new policy directive intended to dampen the housing market by discouraging people from taking mortgages on second homes. Under the new requirements a second-home mortgagee will be required to post a 40% down payment and meet a 10% interest rate in the future. The current requirement is 20% for...

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	PDB tops annual payroll ranking April 25,2008 By STAFF EDITOR Shenzhen bank boss gets US$3.24m in compensation for ’07 March 21,2008 By STAFF EDITOR UPS targets 3rd tier expansion February 27,2008 By STAFF EDITOR Equity surge threatens Shanghai share prices February 25,2008 By STAFF EDITOR China Merchants Bank profits outpace domestic rivals January 09,2008 By STAFF EDITOR Bullish stock market delights brokers and banks January 08,2008 By STAFF EDITOR More banks could look offshore November 13,2007 By STAFF EDITOR Merchants Bank gets approval to form leasing company October 25,2007 By STAFF WRITER New mortgage policy ambiguous: Reference News October 11,2007 By STAFF WRITER Buying houses far away and over high mountains October 11,2007 By NATHAN GREEN Great reporting from the Reference News into the government's new policy directive intended to dampen the housing market by discouraging people from taking mortgages on second homes. Under the new requirements a second-home mortgagee will be required to post a 40% down payment and meet a 10% interest rate in the future. The current requirement is 20% for... 1 2 3	Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR Cement industry faces higher costs in 2nd half Cashmere product maker upbeat on ferrosilicon refining Shenzhen property developer acquires Jiangxi province firms 12 inch chip JV unveiled in Shandong NDRC sets trillion RMB revenue target for hi-tech incubator China Chengtong awarded state asset Shanghai announces 20 key manufacturing sectors Software exports up 45% through May New standards likely to drive up pharmaceutical costs Airbus supports new repair base in Sichuan province Go to Complete List >

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