China set to crack down on loans for home downpayments
Regulators concerned about rising risks in loan markets, rapidly rising home prices
Tue, Mar 08, 2016 - 5:50 AM
China in November 2014 started easing property curbs amid efforts to revive its economy. The measures have instead lifted prices in the country's biggest population centres.
BLOOMBERG FILE PHOTO
CHINESE regulators plan to impose new rules to end the practice of homebuyers taking out loans to cover downpayments, as they step up scrutiny of financing risk in the property market, according to people familiar with the matter.