BEIJING (Reuters) – China’s central financial institution is not going to embody reasonably priced rental housing loans in a administration system for property loans by banks, it stated on Tuesday, in a bid to assist the rental housing market.
Monetary establishments have to step up assist for reasonably priced rental housing, the Folks’s Financial institution of China stated in an announcement on its web site.
Since Jan. 1 final yr, the PBOC has activated a concentrated administration system for property loans, asking lenders to cap excellent property loans and mortgages.
(Reporting by Stella Qiu, Zoey Zhang and Ryan Woo; Enhancing by Clarence Fernandez)
Supply: KFGO
