Individual mortgage is a key cash cow for lenders' retail business. That's why they are gearing up to offer more services to attract clients. |
Individual mortgages are a lucrative business. When floating mortgage rates hover around 5 percent, the bank's cost is only 1.1 percent on average. |
It's difficult for most property buyers to predict the government's moves on interest rates. |
Property prices in Shanghai have risen out of the reach of ordinary citizens. It was only a matter of time until prices fell. |
The move will inject lifeblood into the stock market. It will alleviate concern that the market will be weighed down by listings of big companies. |
The profit rise was within expectations as the lender experienced solid growth based on good asset quality. |