20-08-2008, 12:28 AM
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Join Date: Jan 2007
Posts: 13,788
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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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