The People’s Bank of China has unveiled a new minimum interest rate system for home loans according to an announcement on the central bank’s official WeChat social media account, as the mainland government continues to clamp down on the housing… Read More>>
With China’s banks facing competition for deposits from trusts on one side and online wealth management products on another, nearly 90 percent have ended mortgage discounts for first time home buyers.
The end of preferential rates was revealed in a… Read More>>
Higher mortgage rates and vanishing loan discounts may make it harder for China’s real estate developers to sell homes this year, as the government continues to rely on financial sector restrictions to slow down the real estate market.
Without introducing… Read More>>