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In Depth: Chinese Banks Balk at Regulatory Support for Rate Cuts to Existing Mortgages

August 27, 2023

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By Zhang Ziyu, Liu Ran and Ding Feng

The PBOC’s encouragement has been met with foot-dragging from lenders concerned about profitability

The Chinese central bank’s recent support for commercial lenders to reduce rates on existing residential mortgages has been met with foot-dragging from banks, despite the potential benefits that the cuts could offer China’s faltering economic recovery…….

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