Industrial and Commercial Bank of China (HKG:1398) subsidiary ICBC (Asia) plans to increase its home mortgages in Hong Kong in a bid to prop up the city's housing sector, the South China Morning Post reported Monday.
Despite sluggish sales and non-performing loans, the industry is looking to stabilize and strengthen itself with the help of government and developer-driven initiatives, the report said, citing ICBC Asia Corporate Banking Head Wang Zhiyong.
Developers such as debt-laden New World Development (HKG:0017) are sailing through the challenges "relatively well," the report said, citing Wang.
"The loan quality is stable, and our willingness to lend is more about stabilizing the existing quota," the SCMP quoted Wang as saying.
Wang's remarks came before a media report saying mainland Chinese regulators asked China's four biggest banks ICBC, China Construction Bank (HKG:0939, SHA:601939), Agricultural Bank of China (HKG:1288, SHA:601288), and Bank of China (HKG:3988, SHA:601988) to maintain their credit lines for New World Development, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。