China Seeks to Stem Mortgage Boycott With Developer Loans

China Seeks to Stem Mortgage Boycott With Developer Loans

(Bloomberg) — China‚Äôs bank and property stocks rose after regulators sought to defuse a growing consumer boycott of mortgage payments by urging banks to increase lending to developers so they can complete unfinished housing projects. Most Read from Bloomberg The guidance from the China Banking and Insurance Regulatory Commission was issued in response to the