Skip to content

China Eases Property Loan Curbs as Housing Market Slumps

  • Loans to fund public rental housing become exempt from limits
  • PBOC’s move is latest softening of real estate clampdown
Video player cover image
WATCH: China has eased a year-long cap on loans for the real estate sector to fund public rental housing. Rebecca Choong Wilkins reports.Source: Bloomberg
Updated on

China eased a year-long cap on loans for the real estate sector to fund public rental housing, the latest bid by authorities to tackle a slumping property market.  

Bank loans to fund low-cost rental projects will no longer be subject to regulatory curbs, the People’s Bank of China said in a statement on Tuesday. The rules required banks to trim their loan exposure to the property sector to a certain level.