The four biggest banks in China may ease mortgage lending, Bloomberg reported, citing a report from the mainland newspaper 21st Century Business Herald. The newspaper, citing unnamed sources at Industrial and Commercial Bank of China (1398.HKG) and Agricultural Bank of China (1288.HKG), said that criteria for loans to first-home buyers may be erased, and that people who have paid outstanding mortgages may be considered eligible for first-home status. Banks stopped giving first-home buyers mortgage-rate discounts this year. The paper, citing another unidentified person, said that executives at Bank of China met yesterday to discuss adjusting mortgage policies.
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