Voices of July: “Henan Banks, Return Our Savings!”

“Voices of July” continues CDT’s monthly “Voices of …” collection of viral and censored audio-visual content from all over China. Inspired by the original audio-visual compilation “Voices of April,” which was the target of...

China Bank Raises Mortgage Interest Rate – AP

From AP via Yahoo News: China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices. The widely expected moves were announced in notices seen Friday on the central bank’s Web site. Authorities have […]

Bank of China reveals loan scam details

From AP, via Business Week: The Bank of China revealed Saturday it fired a Beijing loan officer for his role in a mortgage loan scam three years ago that cost the bank some 645 million yuan (US$78 million; euro60 million), the government said. Xu Weilian, deputy chief of retail operations at one of the Bank […]

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