News Analysis Banks in many places in China have reportedly introduced“heart-to-heart loans” that encourage unmarried couples to apply for home loans before they are married; and “centenary loans” that allow children to inherit their parents’ loan and extend the repayment period to 100 years. Experts believe that such relaxation of loan repayment time limits and borrower…
Chinese Banks Roll out ‘100 Year Loans,’ ‘Heart-to-Heart Loans,’ to Relieve Housing Price Pressure
What Does President Biden’s New Student Loan Repayment Plan Involve?
January 27, 2023
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College graduates hope that a new student loan repayment plan recently proposed by President Joe Biden will be passed. The plan, proposed on Jan. 10, 2023, will bring considerable relief for many graduates by reducing their payments and possibly offering some form of debt forgiveness after so many years of payments. The new proposal was…
Chinese Builder CIFI Holdings Halts Foreign Debt Payments
News Analysis Chinese enterprise CIFI Holdings (00884.HK) recently announced that it had suspended all foreign debt payments due to deteriorating cash flow but would repay domestic debts to maintain domestic financing. This may indicate that Chinese firms are now cutting off their international capital ties amid tightened policies and turning to domestic investment to survive. CIFI Holdings stated…
China Evergrande Makes 10 Percent Payment to Wealth Management Products Investors
Troubled China Evergrande issued a small portion of repayment of wealth management product (WMP) to investors, the developer announced on Sept.30. The notice, posted on its website, said the wealth management unit has paid a first installment of 10 percent toward its wealth management products (WMPs) that are due by the end of September. It…
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