China cenbank to exclude rental housing loans from management system
Reuters
Published Feb 08, 2022 02:28AM ET
BEIJING (Reuters) - China's central bank will not include affordable rental housing loans in a management system for property loans by banks, it said on Tuesday, in a bid to support the rental housing market.
Financial institutions need to step up support for affordable rental housing, the People's Bank of China said in a statement on its website.
Since Jan. 1 last year, the PBOC has activated a concentrated management system for property loans, asking lenders to cap outstanding property loans and mortgages.
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Written By: Reuters
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