Credit flow to Chinese developers has slowed to a trickle after authorities further tightened the screws on funding sources since March, leaving overseas financing as one of the few options left for home builders.
In China, bank credit flows to developers mainly through mortgages. In the first quarter medium to long-term household loans – mostly mortgages – grew by 1.46 trillion yuan (US$212 billion), accounting for 34.6 per cent of total loan growth, according to the People’s…
Source : South China Morning Post
Read more…Financing for Chinese developers slows to a trickle after credit crack down















