Nov

China Cracks Down on Developers Financing Home Buys, Xinhua Says

Officials also want to stop consumer loans flowing to property
Developers tumbled last week on news of down-payment checks

China will “strictly” ban property developers and real estate agencies from financing down-payments for home purchases, the state-run Xinhua News Agency reported, citing the housing ministry…

Categories : Finance

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China Cracks Down on Developers Financing Home Buys, Xinhua Says

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