ICBC, CCB Deny Report on Resuming Third-Home Loans
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Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Bank of China Ltd. denied a newspaper report that they resumed third-home mortgages in Shanghai.
The companies are complying with a government order to freeze lending for such purchases, spokespeople for the three banks’ Shanghai branches said in interviews. Some Shanghai-based commercial banks have resumed lending for third-home purchases and eased policies for second-home buyers, the Oriental Morning Post reported yesterday, citing people it didn’t identify.