People's Bank of China Governor Zhou Xiaochuan announces a crackdown on loans made for down payments for homes. Photo: Simon Song
People's Bank of China Governor Zhou Xiaochuan announces a crackdown on loans made for down payments for homes. Photo: Simon Song
China's 'Two Sessions' 2016
China /  Politics

China to crackdown on loans for property down payments to help cool overheating market, reduce risk of bad debts

Wendy Wu
Wendy Wu

Updated: 3:05am, 13 Mar, 2016

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People's Bank of China Governor Zhou Xiaochuan announces a crackdown on loans made for down payments for homes. Photo: Simon Song
People's Bank of China Governor Zhou Xiaochuan announces a crackdown on loans made for down payments for homes. Photo: Simon Song
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