日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Used Property Credit Market Facing Adjustments

As of next month, Shanghai's used home trading will not be conducted through housing agencies. Instead, exchanges will be completed directly through the Internet, last Friday's Wenhui Daily reported.

It means that used home buyers will pay their loans directly to banks via the Internet, thereby minimizing safety concerns, said an industry analyst.

Previously, 80 percent of the used home buyers and sellers entrusted housing agencies with paying or receiving payments, including deposits, initial payments, loans and taxes. However, if the funds were embezzled by illegal agencies, trading had to be suspended, resulting in hefty losses to both buyers and sellers.

Buying a property might be the largest purchase a family makes, so security is the top concern, the analyst stressed.

At present, several banks, such as the Bank of Shanghai, Bank of China and the China Minsheng Banking Corporation, have signed contracts with the Shanghai Real Estate Trading Center for the program.

They will take advantage of the financial opportunities created by the online trading of used properties, according to the banks.

The trading of used homes will be conducted via the Internet very soon, said a spokesman with the Shanghai Real Estate Trading Center.

"Used homes can be traded online as early as January next year. We have begun testing the program," said Gan Zhiyi, general manager with the mortgage center of the China Minsheng Banking Corp.'s Shanghai branch.

"Our housing loan balances have increased from more than one billion yuan (US$120 million) to 11.6 billion yuan currently, exceeding the figure in the Bank of Communications, and much tougher competition is expected for the property credit market in the near future," Gan pointed out. The existing housing agency system is not stable, especially in the area of fund security, she said, adding that service and reputation will become the most important battleground for the banks.

(Shanghai Daily December 27, 2004)

Housing Bubble Spells Mortgage Misery
Speculation Sees Soaring House Prices
Ministry Seeks to Curb Soaring Home Prices
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 达州市| 任丘市| 镇安县| 奈曼旗| 怀化市| 左权县| 洛川县| 习水县| 玉龙| 永善县| 建始县| 深圳市| 苗栗县| 阜平县| 九江县| 长岛县| 临城县| 沿河| 荃湾区| 蛟河市| 邢台县| 民丰县| 阳谷县| 山东省| 西乡县| 郯城县| 常熟市| 岳池县| 常山县| 兴海县| 双辽市| 新乡市| 威海市| 莎车县| 合阳县| 东乡| 八宿县| 桃江县| 绥阳县| 盐亭县| 博兴县|