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| Tags: ceiling, china, company, doubles, loans, mln, mortgage, small, yuan |
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08-18-2008, 11:00 PM
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China doubles ceiling for company small mortgage loans to 2 mln yuan
The People's Bank of China (PBOC) announced on Monday the country's financial institutions would raise the ceiling of small-scale mortgage loans from 1 million yuan (145,500 U.S. dollars) to 2 million yuan to help them better fund their businesses. The central bank also raised the caps of small mortgage loans for individuals from 20,000 yuan to 50,000 yuan, according to a joint circular on its website, along with the Ministry of Finance and the Ministry of Human Resources and Social Secu ...
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