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Regulator warns banks over lending

Business | Banking
2009-10-12

SHANGHAI'S banking regulator has asked lenders to stop offering incentives to attract deposits and stick to the 40 percent down-payment rule for second homes to ensure fair competition. The Shanghai bureau of the...

Banks tap syndicated loan business

Business | Banking
2009-7-15

BANKS in Shanghai are gearing up in offering syndicated loans in a bid to reduce risks, the local banking regulator said yesterday. The outstanding value of syndicated loans in the city totaled 155 billion yuan...

City tapped to pilot consumer finance

Business | Banking
2009-5-14

SHANGHAI will be among the first cities in China to launch consumer finance companies under a draft plan released yesterday by the nation's banking watchdog. "Shanghai has been studying a plan for consumer finance...

Auto loans rise despite slower economy

Business | Automobile
2009-4-1

AUTO loans continued to rise in the fourth quarter and were behind the jump in individual loans at Shanghai's domestic banks despite a slower economy, the local banking regulator said yesterday. Auto loans grew...

Syndicated loans being encouraged

Business | Banking
2009-3-31

THE Shanghai Bureau of the China Banking Regulatory Commission is encouraging commercial banks to offer syndicated loans to support infrastructure projects in the local economy and trim banks' concentration on a...

Banks urged to offer loans to local economy

Business | Banking
2009-3-27

THREE regulatory bodies in Shanghai have urged domestic banks to offer credit to shore up the city's economy, the Shanghai banking regulator said yesterday. The Shanghai Municipal Development and Reform Commission,...

Investors plumping for bonds and trusts

Business
2008-12-19

SHANGHAI investors preferred trust and bond-related wealth management products and shunned investments linked to overseas markets in the third quarter as they sought stable returns, the local regulator said yesterday. ...

Rise in property loans in Shanghai weakens

Business | Real estate
2008-10-31

THE growth in real estate lending in Shanghai continued to weaken in the first three quarters amid the sluggish property market, the city's banking regulator said yesterday. The outstanding value of property loans...

Small loans grow

Business | Banking
2008-7-23

SMALL enterprises loans grew 10.19 percent to 28.96 billion yuan (US$4.25 billion) in the first half at the domestic banks in Shanghai, the Shanghai Bureau of the China Banking Regulatory Commission said yesterday....

Payments risk

Business | Banking
2008-7-17

THE Shanghai Bureau of the China Banking Regulatory Commission yesterday cautioned commercial banks to strengthen risk control on online and telephone payments. The move is aimed to better regulate the market, the...