Date
22 April 2018

PBoC denies banks told to stop issuing home loans, paper says

Commercial banks have not been ordered to stop extending new mortgage loans, Beijing Business Today reported late Wednesday, citing a spokesperson of the People’s Bank of China (PBoC). Earlier media reports said several banks in certain cities have stopped issuing loans for new homes while some have delayed approvals. There is enough liquidity in the banking system, the spokesperson was quoted as saying, adding that the central bank will encourage financial institutions to give special support to first-home buyers and affordable housing projects.

– Contact HKEJ at [email protected]

MY/AC/CG

 

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