Property News · October 13, 2016

Underground down payment loans cast a shadow over government’s efforts to curb property lending


Chinese home buyers can still easily borrow down payments on properties, despite the government’s efforts to crackdown on the practise.
Various types of financial platforms continue to be used to allow down payment loans, which experts say is making it increasingly difficult to measure just how large a problem property debt has become.
The Chinese regulators rolled out a raft of new rules nationwide in March to bar lenders including developers, property agencies, microcredit firms and…

Source : South China Morning Post
Read more…Underground down payment loans cast a shadow over government’s efforts to curb property lending

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