Chinese banks actively pursue mortgages as they are seen as quality long-term loans. Such loans have surged recently but they will not have a big impact on banks' earnings since they still only account for a small portion of total loans. ...full story at Countdown to Beijing
from Countdown to Beijing on Mon, Aug 31 2009
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Banks flock to China »
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September 4 - Foreign banks are racing into China to grab an estimated $2 trillion in personal savings.
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