The move represents a policy adjustment by financial regulators in Shanghai towards gradually loosening the restrictions on loans to the property sector. Photo: Bloomberg
The move represents a policy adjustment by financial regulators in Shanghai towards gradually loosening the restrictions on loans to the property sector. Photo: Bloomberg

Shanghai banks urged to lend to developers building rental homes in bid to increase affordable housing

  • In a rare move, the city’s banking authorities have asked some commercial banks to extend credit to developers to build more rental homes
  • ‘Increasing the supply of affordable rental homes for young citizens is an effective way of improving housing conditions,’ said the local branch of the PBOC

Topic |   Banking & finance
The move represents a policy adjustment by financial regulators in Shanghai towards gradually loosening the restrictions on loans to the property sector. Photo: Bloomberg
The move represents a policy adjustment by financial regulators in Shanghai towards gradually loosening the restrictions on loans to the property sector. Photo: Bloomberg
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