China Said to Plan Crackdown on Loans for Home Down-Payments

  • Central bank, regulators said to scrutinize property risks
  • Regulators said to target lenders including P2Ps, developers

An apartment complex in Tianjin. Chinese regulators plan to introduce rules that will bar lenders including developers, housing agencies, small-loan companies and peer-to-peer networks from offering loans for down-payments.

Photographer: Greg Baker/AFP via Getty Images

Chinese regulators plan to impose new rules to end the practice of homebuyers taking out loans to cover down-payments, as they step up scrutiny of financing risk in the property market, according to people familiar with the matter.

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