Several sources with different banks told the South China Morning Post they had recently been told to halt such apartment-backed lending to individuals. Photo: EPA
Several sources with different banks told the South China Morning Post they had recently been told to halt such apartment-backed lending to individuals. Photo: EPA

China banks withdraw from offering apartment-backed loans

Mainland lenders also quietly raising borrowing costs for first-time home buyers

Several sources with different banks told the South China Morning Post they had recently been told to halt such apartment-backed lending to individuals. Photo: EPA
Several sources with different banks told the South China Morning Post they had recently been told to halt such apartment-backed lending to individuals. Photo: EPA
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