Bank of China Plans to Double Aussie Mortgages in Two Years
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Bank of China Ltd. plans to double its mortgage lending in Australia in two years and wants to offer more home loans to locals, the bank’s country head said.
There is demand for dwellings from Australians of Chinese origin and investors from the mainland, Shanjun Hu said in an interview last week in Sydney. Bank of China hopes to reach more non-Chinese borrowers in the country through a product distribution agreement with Australian Finance Group Pty, the nation’s biggest mortgage broker, he said.