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10/11/2025
New Zealand Prime Minister: Hopes banks will implement the Reserve Bank of New Zealand's interest rate cuts more quickly.
Latest
3 m ago
A property valued at about 2 million yuan in a market recently sold for 1.5 million yuan on a third-party auction platform, with the bank as the seller completing the transaction directly. Behind this "bargain hunting" is the accelerated operation of property direct sales business by many banks. Several banks including Agricultural Bank of China, China Construction Bank, and Bank of Communications have recently sold large numbers of properties directly through online platforms. The number of properties being disposed of by some banks has significantly increased. These properties, known in the industry as "bank direct supply properties", mostly come from the disposal of non-performing loans. When a company or individual borrower is unable to repay the loan, the bank obtains full ownership through debt disposal and then sells or rents the property directly as the landlord. Industry insiders revealed that banks are accelerating the disposal of properties mainly to improve debt recovery rates. In the period of real estate market adjustment, this direct sales model is becoming a new option for banks to quickly revive assets. (Yicai)
4 m ago
The total retail sales of Hunan Province exceeded 2 trillion yuan, benefiting over 16 million people through the "trade-in for new" policy.
5 m ago
Low-cost bank-direct homes have surged in quantity, with some bank-direct homes priced 25% lower than market value.
6 m ago
The Taiwan Stock Exchange Weighted Index rose 1% to 27,929.64 points.
7 m ago
According to informed sources, Hong Kong plans to issue digital green bonds denominated in US dollars, Hong Kong dollars, euros, and renminbi, with pricing potentially as early as Monday.
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