China’s financial regulators could continue to lower financing costs as a means to shore up confidence, according to CCB chief financial officer Sheng Liurong.
The Agricultural Bank of China, China Construction Bank, Bank of China and Postal Savings Bank of China posted steady earnings growth despite government calls to slash rates and inject liquidity into the country’s slumping property sector.
The Indian finance ministry has requested state-owned banks to expedite the development of an advanced property auction platform and mobile app. Around 500,000 properties owned by state-owned lenders will be listed on the platform, offering bidders access to ownership details, photographs, videos, and other information. Currently, state-owned banks advertise properties for sale, but they often go unnoticed.