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.
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