(AFX UK Focus) 2009-01-06 03:07 Chinese banks' mortgage books in good shape-c.bank (Interactive Investor)
Tuesday, January 6, 2009
BEIJING, Jan 6 (Reuters) - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, despite a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 2.95 trillion yuan in home loans by the end of November, up 10.6 percent from a year earlier and accounting for about 10 percent of their local currency lending, ...
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