The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters
The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters
China property
Business /  Companies

China slaps new curbs on developers to tame runaway home prices by hitting them where they hurt most: bank loans

  • Beijing’s new rules limiting property bank loans are likely to hit Chinese developers hard and weigh on the momentum of a major economic growth engine this year, say analysts
  • The new policies may let some air out of the speculative bubbles that have defied the central bank’s cooling measures since 2017

Topic |   China property
Iris OuyangPearl Liu
Iris Ouyang and Pearl Liu

Updated: 10:57pm, 7 Jan, 2021

Why you can trust SCMP
The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters
The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters
READ FULL ARTICLE