Chinese residential property owners are rushing to pay off their mortgages early, heaping pressure on commercial banks that were already struggling to identify attractive lending opportunities.
Several state bank managers told the Financial Times that branches in Beijing and Shanghai had experienced a 20 per cent increase in mortgage prepayments this year.
Analysts said the managers’ accounts were in line with recently published national loan data. “Prepayment is a desire to reduce leverage, it shows declining demand, which is consistent with the macro data we’ve seen,” said Nicholas Zhu, senior credit officer at Moody’s Investors Service.
您已阅读12%（645字），剩余88%（4655字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。