Source: CCTV.com
07-23-2007 16:46
Overseas banks are gearing up to snatch a bigger share of the individual mortgage markets from domestic rivals.
Citibank launched its home refinancing program in Shanghai in July to target home buyers who want to make better use of their assets as the city's property prices keep on rising. It's the first offering of its kind by an overseas bank in China.
Citibank's launch of the products also coincides with rising second-hand property prices in Shanghai.
Editor:Li Yang
