Advertisement
China society
People & Culture

Cemetery in China forced to bury controversial mortgages-for-graves plan after media backlash

  • Cemetery announced the plan and within days was forced to cancel the scheme after overwhelming negative publicity
  • Many were angered by what they saw as greed and profiteering on people’s grief

Reading Time:2 minutes
Why you can trust SCMP
1
A plan to offer grave mortgages in China has backfired and forced a cemetery to cancel the plan. Photo: AFP
Qin Chen
A cemetery in China found itself in hot water after touting a mortgage plan for buying a burial plot, amid concerns about unethical funeral cost mark-ups. 

The Kunming Jinlong Ruyi Park in the southwestern province of Yunnan revealed on Tuesday a plan to partner with a local bank to offer 10-year mortgages for graves that would covers costs up to 200,000 yuan (US$30,000). 

The news quickly generated an avalanche of criticism. Several state media outlets published op-eds that decried the practice as “propping up funeral costs” and “indebting offspring”.

Advertisement

Many people ridiculed the bank on the Chinese internet, asking what it would do if a client defaulted on a burial plot.

“Please don’t tell me they are going to dig other families’ graves and then sell them at an auction,” said a commentator on Weibo. 

Many younger Chinese people face expectations they will pay the cost of funerals for their parents when they die, with the price being as much as US$30,000. Photo: kmjly.cn
Many younger Chinese people face expectations they will pay the cost of funerals for their parents when they die, with the price being as much as US$30,000. Photo: kmjly.cn

Two days later both the cemetery and the bank, Yunnan Xishan BoB Rural Bank, a subsidiary of the Bank of Beijing, walked back the offering, telling the media that they had cancelled the deal. 

Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x