Several banks in Guangdong province have suspended consumer loans with tenures longer than 10 years. Photo: Cpressphoto

Chinese banks demanding proof that consumer loans are not being used to buy property

Holders of long-term household loans are being asked to show receipts as concerns grow that money is being funnelled into the red-hot housing market

Topic |   Property investment

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Several banks in Guangdong province have suspended consumer loans with tenures longer than 10 years. Photo: Cpressphoto
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Xie Yu

Xie Yu

Xie Yu joined the Post in 2015. She is the chief China finance reporter, covering the economy and development of financial markets.