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China central bank tells lenders to make regional adjustments to property loans

China central bank tells lenders to make regional adjustments to property loans

FILE PHOTO: A man rides a bicycle next to a construction site near residential buildings in Beijing, China, January 13, 2021. REUTERS/Tingshu Wang

BEIJING : China's central bank branches have provided window guidance to local banks on property loans and told the local banks to conduct cross-region adjustments to property loans, a publication of the central bank said on Monday.

The central bank branches also told local lenders to keep total local property loan volumes stable, said Financial News, a newspaper affiliated with the People's Bank of China.

(Reporting by Liangping Gao, Stella Qiu and Ryan Woo; Editing by Christian Schmollinger)

Source: Reuters

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