in

Chinese regulators rush to tame investor panic over mortgage boycotts

Chinese regulators rush to tame investor panic over mortgage boycotts

Chinese regulators are trying to stamp out panic over rising home loan risks at banks as a wave of homeowners join a country-wide mortgage boycott of unfinished houses.

Hundreds of thousands of buyers have halted mortgage payments on more than 200 unfinished property projects in China this week, aggravating a property sector crisis that has dragged down economic growth.

The CSI 300 Banks index fell as much as 3.3 per cent on Thursday to…


Posted by Editor

Leave a Reply

Arsenal table bid for Zinchenko

Arsenal table bid for Zinchenko

Manchin Pulls Plug on Climate and Tax Talks, Shrinking Domestic Plan

Manchin Pulls Plug on Climate and Tax Talks, Shrinking Domestic Plan