• 11/29/2024

Hong Kong Monetary Authority asks banks to exercise caution when offering property loans for speculative ‘confirmor sales’

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The Hong Kong Monetary Authority has advised banks to take extra care when lending to property speculators, in an indirect attempt to clamp down on asset flipping a week after the city abandoned decade-old curbs for the real estate industry.

https://www.scmp.com/business/article/3254431/hong-kong-monetary-authority-asks-banks-exercise-caution-when-offering-property-loans-speculative?utm_source=rss_feed