{"id":2016268,"date":"2023-08-30T00:30:07","date_gmt":"2023-08-30T04:30:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-bank-shares-fall-on-existing-mortgages-rate-cut-concerns\/"},"modified":"2023-08-30T00:32:09","modified_gmt":"2023-08-30T04:32:09","slug":"chinese-bank-shares-fall-on-existing-mortgages-rate-cut-concerns","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-bank-shares-fall-on-existing-mortgages-rate-cut-concerns\/","title":{"rendered":"Chinese bank shares drop due to worries about a rate cut on existing mortgages."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinese-bank-shares-fall-on-existing-mortgages-rate-cut-concerns%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2016268&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Shares in China&#8217;s banking sector drop on worries of mortgage rate reduction<\/strong><\/p>\n<p>The banking sector in China is facing a double blow as \u2062concerns over the\u2064 property sector crisis and a slowing\u2062 economy are compounded \u200bby a potential reduction in existing mortgage rates. This \u2063has led to a 0.5% drop in China&#8217;s benchmark banking sector index and a 0.13% \u2062decline \u200cin Hong Kong&#8217;s \u200bHang Seng Mainland Banks Index.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>On a positive \u2062note, China&#8217;s CSI300 index has gained 0.3% \u2064and Hong Kong&#8217;s Hang Seng Mainland Properties Index \u2062has \u200drisen by about 1%.<\/p>\n<p>According to three sources familiar with the matter,\u200b some \u200cChinese state-owned banks\u200d are planning to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-to-stop-inflation-from-hurting-americas-working-and-middle-class\/\" title=\"How To Stop Inflation From Hurting America\u2019s Working And Middle Class\">lower interest rates<\/a> on\u200c existing mortgages \u200din an effort to \u2063revive the \u200cproperty sector. However, this reduction in mortgage\u200b rates\u2063 is expected to\u2062 further impact the \u2062profitability of the banking sector.<\/p>\n<p>In their interim financial reports, three of China&#8217;s largest banks have already reported\u200b a contraction in their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-pare-gains-as-bank-stocks-drag-on-svb-contagion-fears\/\" title=\"Futures pare gains as bank stocks drag on SVB contagion fears\">net interest margin<\/a> (NIM) &#8211; a key measure of profitability &#8211; in\u2063 the second \u200dquarter of this year.<\/p>\n<p>Vivian Xue, director of APAC Financial Institution at \u200cFitch Ratings, predicts that the revenue pressure\u200b on the banking sector will persist in the second half of this year and into 2024, due to narrowing NIM and\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-bank-shares-fall-on-existing-mortgages-rate-cut-concerns\/\" title=\"Chinese bank shares drop due to worries about a rate cut on existing mortgages.\">weak retail \u200cloan demand<\/a>.<\/p>\n<\/p>\n<p>  (Reporting by Ziyi Tang \u2063and Ryan Woo;\u200c Editing by Sumeet Chatterjee, Robert Birsel)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinese-bank-shares-fall\/attachment\/a-screen-showing-the-hang-seng-stock-index-is-seen\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>New reports reveal President \u200dJoe Biden&#8217;s use of \u2062fake \u2064names in over 5,000\u200b emails<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Idalia\u200b approaches \u2062Florida,\u200d while controversy surrounds the Gadsden Flag<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>45th President \u200cDonald \u2063Trump to face trial in\u2062 March 2024 for January \u200c6th case<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Deadliest modern U.S. wildfire in Maui&#8217;s Lahaina continues to devastate<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Swiss crypto-focused\u2064 SEBA Bank\u200d receives approval-in-principle from\u200c Hong Kong<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>OpenAI projected to generate\u200d over $1 \u200dbillion in revenue in the next 12 months<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>British \u2064officials warn about\u2063 integrating AI-driven chatbots into businesses<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Privacy and understanding of blockchain technology key issues\u200b in Brazil<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>lower as well. Concerns over the impact of lower mortgage rates on the profitability of Chinese banks led to a 0.5% decline in China&#8217;s banking sector index. This comes amidst a worsening property sector crisis and a slowing economy, adding to the challenges faced by lenders. Hong Kong&#8217;s Hang Seng Mainland Banks Index also experienced a slight decrease.<\/p>\n","protected":false},"author":66,"featured_media":2016269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2016268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2016268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2016268"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2016268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2016269"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2016268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2016268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2016268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}