The Hong Kong Monetary Authority denies that banks have tightened mortgage lending, and mortgage loan applications have increased

There is news that some banks have tightened cash rebates on residential mortgages and even tightened approvals for mortgage loans. The Hong Kong Monetary Authority stated that it does not believe that banks have tightened their approval of mortgage loans. The Association of Banks pointed out that mortgage loan applications after the "removal of hot policies" have significantly...

The Hong Kong Monetary Authority’s views on banks’ tightening of mortgage approvals

The Hong Kong Monetary Authority has expressed doubts about reports that some banks have tightened mortgage approvals, believing that this may be an isolated case and not a general situation. They emphasized that the overall market remains stable and there is no obvious tightening.

The Banks Association's evaluation of mortgage loan applications after the "retirement"

The Banking Association is optimistic about the increase in mortgage loan applications after the "retirement" policy, believing that this is a signal of market recovery. They pointed out that with the relaxation of policies, citizens' confidence in home buying has gradually increased, which has a positive impact on the entire economy.

Market reaction to bank policy

The market has had mixed reactions to the measures taken by some banks to tighten mortgage approvals. Some people believe that this is to control risks, while others are worried that this will have a negative impact on the real estate market. However, overall, the market is optimistic about the changes after the "removal of spicy food" policy.

future outlook

In the future, the HKMA and the Banking Association will continue to pay close attention to market changes and adjust corresponding policies based on actual conditions. They said they would be committed to maintaining market stability, protecting citizens' rights to purchase houses, and promoting the healthy development of the economy.