Property News · June 10, 2017

Are developers ending their affairs with China’s shadow banking system?


As they say in China, whatever policies the central government introduces, the lower levels of power will find a means to counter them.
Look no further than Beijing’s uphill struggle to cool the country’s surging home prices.
While the China Banking Regulatory Commission has ordered banks to tighten lending to developers, those homebuilders and institutions have found ways, even before the curbs gained traction, to skirt the rules to secure funding for aggressive land purchases….

Source : South China Morning Post
Read more…Are developers ending their affairs with China’s shadow banking system?

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