China Banks Rush to Offer Home Loans to State Firms

Bloomberg has learned that China’s mega banks are urging branch managers to lend to state-owned companies that buy unsold homes. This indicates the government's urgency to implement a real estate rescue package that was unveiled last week. Stephen Engle reports on Bloomberg Television.
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[@user-yy9hk9od9u]

This will make sure they have a bigger banking collapse.

[@jacksmith-mu3ee]

40 US banks reporting security losses 50% greater than their equity capital because of the rise in interest rates since the end of last year, leading to another banking crisis. 30 days count down to collapse. .

[@HKim0072]

Wait, did that dude say the value of new homes not sold are worth pennies on the dollar? Sure seems like that would devalue the secondary market. And, all housing assets.

[@jacksmith-mu3ee]

In china they use yuan not dollar

[@HKim0072]

@@jacksmith-mu3ee Really dude? It's a well known expression in the general lexicon and more specifically the financial world. Whew, always amusing when people try to seem smart, but display their ignorance out in the open.

[@NiteshKumar-ue1yp]

What would those already bloated, debt ridden SOEs do with all the empty apartments?

[@souravjaiswal-jr4bj]

It not their own money, why should individual care about state's money?

[@NiteshKumar-ue1yp]

@@souravjaiswal-jr4bj where does the state get its money?😂

[@souravjaiswal-jr4bj]

@@NiteshKumar-ue1yp From people ofcourse. That's irrelevant on how govt officials will spend other people's money.

[@jacksmith-mu3ee]

😂India best achievements so far India's Hunger index 2013: 63rd rank 2022: 107th rank India's Happiness index. 2013: 111th rank 2022: 136th rank India's press freedom rank 2013:79th 2022: 150the the fourth pillar of worlds largest democracy is no more India's unemployment rate 2013:4.9% 2023:7.5% Unemployment rate never increase in growing economy.. india is growing only on paper and by loan India's Debt before 2014: ₹55 lakh crore 2023: ₹155 lakh crore India's GDP from 2004 to 2014: $709 billion to 2.04 trilion (almost triple) India's GDP from 2014to 2024: $2.04 trillion to 3.6 trilion (expected)...not even double

[@NiteshKumar-ue1yp]

@@jacksmith-mu3ee a Chinese wouldn't defend SOEs since they get rich at the cost of normal Chinese. You are just a low life Wumao.

[@mrkuppy]

Ripe for corruption

[@CalCalCal6996]

Great depression 2.0 let's go.

[@lastChang]

China's 🇨🇳 rescue package to fix its property market malaise is like throwing a cup of water on the forest fire. LOL

[@acuantjahyadi7393]

😂😂 selamat bergembira untuk murid Gordon Chang dan Peter Zehan. Bagaiman apa kamu sudah mendapat kiriman bonus bulan ini dari NED 😂😂

[@jonathanhart8046]

Lets wait for the USA to even start thinking about its debt issue then we can criticise.

[@acuantjahyadi7393]

Mendengar berita ini Gordon Chang dan Peter Zehan bertereak histris kesenangan , mereka berdua lari kejalanan sambil bertereak Histris China Colaps !! China Colaps !! dan wartawan Blumberege langsung berpesta Coctail ikut merayakannya. Selamat atas rasa gembira anda semua 😂😂😂😂😂

[@CaneBTC]

it's all tofu dreg.

[@TheJoeMoneyShow]

Real estate is fine