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    News: 2024.04.18

    Ruan Guoheng: Banks have not tightened mortgage loan approvals

    Local media reported that large banks such as Hang Seng, HSBC, Standard Chartered and BOC Hong Kong have reduced their cash rebates for first and second-hand property mortgages, remortgages and additional mortgages to zero. Ruan Guoheng, deputy chief executive of the Hong Kong Monetary Authority, said he did not think banks had tightened approvals.

    Ruan Guoheng pointed out that banks' tightening measures on mortgage loans are not universal, and not all banks have adopted such an approach. He believes that these measures may be adjustments made in response to market changes and are not simply tightening of approvals.

    Financial market experts say banks' tightening of mortgage lending may be related to volatility in the housing market. As housing prices continue to fluctuate, banks may adjust corresponding lending policies to respond to market changes.

    In addition, some industry insiders believe that banks' tightening of mortgage loans may also be related to financial regulatory policies. Financial regulators may require banks to strengthen risk management and control, leading them to tighten mortgage lending.

    In general, banks' tightening of mortgage loans is not simply a matter of tightening approvals, but is affected by many factors. In the future, with market changes and regulatory policy adjustments, banks' lending policies may also change.