China ’s state banks face profit squeeze as they comply with Beijing’s call for mortgage-rate cuts to aid property market

The impact of the cut will be felt differently across various Chinese cities, due to the complexity of how mortgage rate spreads are set in different locations. Meanwhile, Shanghai-based Bank of Communications , China’s fifth-largest bank, held an internal meeting on Wednesday to “initiate the…#shanghai #bankofcommunications #ccb #beijing #anz #lpr #xingzhaopeng #anzresearch
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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