Advanced Search
Business | Metro | Nation | World | Sports | Features | Specials | Delta Stories
 
 
Standard Chartered promotes new financing policy
31/5/2005 16:44

Gu Jia/Shanghai Daily news

Regardless of the series of adjustments and control policies in the domestic real estate market, the Standard Chartered Bank of China began a new commercial housing loan aimed at middle and small enterprises in Shanghai and Shenzhen yesterday, reported the Oriental Morning Post.
The new housing policy is divided into two aspects: offering commercial housing loans to clients who intend to purchase stores or units in office buildings; and providing those clients who already own commercial houses with current loans by means of the mortgage of property rights, with the maximal credit period perhaps as long as 12 years.