The Chinese central bank has stipulated that banks’ outstanding mortgage growth in the first quarter cannot exceed that of the fourth quarter last year. Photo: Reuters
The Chinese central bank has stipulated that banks’ outstanding mortgage growth in the first quarter cannot exceed that of the fourth quarter last year. Photo: Reuters

Financing for Chinese developers slows to a trickle after credit crack down

As well as bank loans, alternative financing channels have shut their doors to developers

The Chinese central bank has stipulated that banks’ outstanding mortgage growth in the first quarter cannot exceed that of the fourth quarter last year. Photo: Reuters
The Chinese central bank has stipulated that banks’ outstanding mortgage growth in the first quarter cannot exceed that of the fourth quarter last year. Photo: Reuters
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