Mortgages get more expensive
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Banks in Beijing are trying to turn the screws. The banking regulator (CBRC) has asked them to get tougher when it comes to property market loans.
The latest move, per Caixin:
“Several banks in Beijing are said to have raised the interest rates on first-home housing loans, beginning Thurs...