Moreover, because there are no subprime mortgages in China and down payments are as high as 50-60%, even a significant fall in housing prices will not seriously damage China’s mega-banks.
此外，因为中国没有次级按揭贷款，首付也高达50—60%，因此即使是放假的大幅下跌也不会重创中国的银行巨头。