When the value of a house rises, the owner can typically borrow against this increased equity to fund home renovations, a second house, or other goods and services [chart: Home Equity Withdrawal and Home Renovations]. 2 These expenditures can "accelerate" a rise in house prices, reinforcing the rise in collateral values, access to additional borrowing, and thus a rise in household spending.
With this competitive edge and as platform, the aforementioned RMB banking services and products can be targeted towards Lusophone countries. They can also be extended to countries in Latin America. •  The financial cooperation between Macao and Portuguese-speaking countries has gained remarkable achievements – Some Chinese-based banks in Macao have executed business cooperation agreements with financial institutions in some Portuguese-speaking countries.