China’s banking regulator vows to ensure lending to resume construction of unfinished properties amid mortgage boycott crisis

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China’s top banking regulator vowed to ensure steady lending to qualified property developers to help resume construction of unfinished projects amid the spreading mortgage boycott crisis.

The China Banking and Insurance Regulatory Commission (CBIRC) will work with the central bank, the housing ministry and local governments to ensure home delivery and social stability, Liu Zhongrui, an official with the regulator's statistics department, said during a briefing on Thursday. 

Banks will meet developers’ reasonable financing needs, he added, the . . .

 

 

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