Bank of China tightens mortgage loans (People’s Daily)
Bank of China (BOC) has decided to cut discounts that home buyers can get on interest of mortgage loans, a source with the bank’s Shanghai branch told Xinhua on Wednesday. The Shanghai branch has already received orders from the Beijing headquarter to cut the mortgage rate discount to first-time home buyers to 15 percent from the previous 30 percent, said the source. Taking effect since Feb, the …
More:
Bank of China tightens mortgage loans (People’s Daily)
