ICBC pushes the mainland building in Hong Kong by business
ICBC Asia had a good development in retail banking last year. Deputy Chief Executive Gu Xuan revealed that the bank’s deposit-loan balance at the retail level and its client size have both increased by more than 10%. The first two months of this year can still be maintained. Growth momentum, interest income rose 10% over the same period last year. In addition to the local business, Mr Kwong believes that the planning of the Tai Wan District will expand the Hong Kong market. The bank has already provided cross-border consumer payment services. This quarter or the launch of the Mainland property mortgage business in Hong Kong will facilitate Hong Kong people to go to Dawan District.
Covering the Greater Bay Area, borrowing up to 60%
With the opening of the high-speed rail, it is more convenient to travel between China and Hong Kong. Gu Xuan said that ICBC Asia has launched a Dawan District payment card to assist customers in the consumption payment in the region. The next step will be to study cross-border financing business and property-related loans. Especially important. The bank recently launched Hong Kong people or Hong Kong workers who own properties in Dawan District to provide Dawan District property credit portfolio loans, which can provide up to HK$4 million and up to 6 years of short-term credit financing at an interest rate of P minus 2. PCT.
As for those who have not yet bought property in the Mainland, they can also make mortgages in the Mainland in the future. Gu said that the target is to launch Hong Kong residents in 9 cities in the Greater Bay Area (Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Zhaoqing, Jiangmen and Huizhou), together with the purchases of houses in Beijing, Shanghai and Xiamen, can provide Hong Kong dollar housing mortgages up to 60% of the property price and up to 30 years. Details will be announced later.
Approval of valuation is not required to be processed northward
Liang Cuier, general manager of ICBC’s Asian retail business unit, pointed out that in the past, Hong Kong people went to the mainland banks to make mortgages. However, the purchase of property involves a number of processes. From time to time, it is necessary to submit information and documents to and from China and Hong Kong. The process is quite complicated and the bank received After the customer’s comments, the company launched a related service to allow Hong Kong people to handle the approval and valuation procedures at the Hong Kong bank. She continued that the mortgage interest rate of Hong Kong banks is generally lower than that of the domestic banks. I believe that there will be some attraction to drive demand.
Gu Xuan stressed that although Dawan District has brought new opportunities to the banking industry in Hong Kong, the source of customers does not necessarily come from cross-border demand. The bank added more customers from local residents last year and will continue to launch according to the needs of Hong Kong people and cross-border customers. Different services have expanded the business.