Reported 8 months ago
South China Financial Holding Co., Ltd. held a shareholder meeting on June 21st regarding the upcoming introduction of the 'New Youth Peace of Mind Statement'. Vice President of South China Bank, Li Zongxian, mentioned that although the details have not been disclosed yet, the signing of the statement is simply to emphasize existing regulations in contracts and to remind new borrowers to be cautious. The implementation of the 'New Youth Peace of Mind' policy has contributed to the growth in housing loans among national banks, with South China Bank ranking third after Taiwan Bank and Agricultural Bank. The reasons for the recent increase in property prices include abundant financial resources in the investment environment, inflation concerns, and the housing demand shift due to the Hualien 403 earthquake.
Source: YAHOO