- Monday 2010-02-08 17:13
Three banks in Shenzhen, including the Shenzhen branches of the Bank of China (601988), China Everbright Bank and Shenzhen Development Bank (000001) have reduced the discounts they offer on personal mortgage loans for first-time home purchasers, reports Guandian.cn, citing media reports.
The Shenzhen branches of the Bank of China and China Everbright Bank have reduced their discounts to 15 percent from 30 percent previously. The Shenzhen branch of Shenzhen Development Bank had reduced its discount to 20 percent.
Seven other banks in Shenzhen, including the Industrial and Commercial Bank of China (ICBC) (601398), Agricultural Bank of China, China Construction Bank (601939), Bank of Communications (601328), China Merchants Bank (600036), Shanghai Pudong Development Bank (600000) and China Minsheng Bank (600016), have maintained the practice of giving discounts of 30 percent for first-time home buyers.
