Housing mortgage loans face rising risks: Report

时间：2007-09-22 06:02:37

（单词翻译:单击）

Sept. 21 - China's commercial banks are entering a high risk period for increasing housing mortgage loans, according to a report released by the China Construction Bank (CCB), the country's second largest commercial lender.

 

China's banks could face a rapid rise in mortgage delinquency rates because of the frequent lending rate hikes and cheating in housing mortgage loans, the report stated.

 

China has raised the benchmark one-year lending rate five times this year amid efforts to curb1 investment growth and cool the overheated economy.

 

Meanwhile, some mortgage recipients2 had cheated on their applications and invested their funds in the stock markets, which had more than doubled in value since the beginning of the year. Analysts3 believed a drop in the markets could result in more bad loans.

 

The combined non-performing mortgages of the CCB, the Industrial and Commercial Bank of China and the Bank of China rose to 19.24 billion yuan (2.6 billion U.S. dollars) by the end of 2006 from 18.44 billion yuan the year before.

 

The report advised the banking4 sector5 to strengthen loan application examination, set up and improve personal credit systems and raise the down-payment ratio for second home buyers.

 
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1 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
2 recipients 972af69bf73f8ad23a446a346a6f0fff     
adj.接受的；受领的；容纳的；愿意接受的n.收件人；接受者；受领者；接受器
参考例句：
  • The recipients of the prizes had their names printed in the paper. 获奖者的姓名登在报上。 来自《简明英汉词典》
  • The recipients of prizes had their names printed in the paper. 获奖者名单登在报上。 来自《现代英汉综合大词典》
3 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
4 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
5 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。

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