In May, stone mason Gilbert Mulunya did not have regular work to enable him to get good income, but he is not a worried man when it comes to finances.
More than 400 people have been cheated out of at least HK$320 million by scammers acting as middlemen to secure loans for struggling property owners and plunging them further into debt.
Zheng Dexing died on March 9, 2015. The college student from Henan Province committed suicide after accumulating loans worth 589,500 yuan (91,000 U.S. dollars) to pay for his gambling addiction.
Mortgage loans in South Korea posted the largest increase in 2015 due to record-low borrowing costs and eased regulations on mortgage financing, financial watchdog data showed Thursday.
Chinese companies will soon be less dependent on stingy banks and a volatile market for financing thanks to new support policies in the financial leasing industry.
The Slovak Central Bank (NBS) has sent a signal to commercial banks that the era of cheap loans might come to an end and urged them to be more cautious in their future provision, financial expert Maros Ovcarik announced on the talk show of teraz.sk on Thursday.
Irish Finance Minister Michael Noonan has laid out plans to repay the country's bailout loans from the International Monetary Fund (IMF), according to Bloomberg news agency on Monday.
Property investors now represent almost half of Australia's new home loans, taking out a record proportion of Australia's new housing finance in July, new figures released on Tuesday reveal.
Sluggish home sales, increasing market supply and declining property prices epitomize China's cooling real estate market. And there are worries that the decline may continue as banks become reluctant on mortgage lending.
China's banks are faced with increasing risks born out of shadow banking, local government debt, bad loans in industries with overcapacity, and looming house price declines, an economist warned on Thursday.
All four major Chinese banks told Xinhua on Wednesday no changes had been made to their property loan policies, helping calm the somewhat panicking property and stock markets.
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