Individual mortgages are a lucrative business. When floating mortgage rates hover around 5 percent, the bank's cost is only 1.1 percent on average.
More Quotes from Qiu Zhicheng:
The move will inject lifeblood into the stock market. It will alleviate concern that the market will be weighed down by listings of big companies.Qiu Zhicheng
Individual mortgage is a key cash cow for lenders' retail business. That's why they are gearing up to offer more services to attract clients.
Qiu Zhicheng
Property prices in Shanghai have risen out of the reach of ordinary citizens. It was only a matter of time until prices fell.
Qiu Zhicheng
The profit rise was within expectations as the lender experienced solid growth based on good asset quality.
Qiu Zhicheng
It's difficult for most property buyers to predict the government's moves on interest rates.
Qiu Zhicheng
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Based on Topics: Business & Commerce QuotesBased on Keywords: hover, mortgages
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