貴州獨山剛脫貧 負債400億 豪華建築隨處可見 爛尾收場 官員接連被查 新班子:整改遺留的工程 - 20200714 - 有線中國組 - 有線新聞 CABLE News
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Under the new mechanism taking effect tomorrow loans to developers will be capped at 40 percent for the largest state-owned lenders while bank mortgage lending should be no more than 32.5 percent of their outstanding credit.
Those exceeding the cap will have a grace period of up to four years to meet the requirements.
“That will further dampen investor sentiment toward the real estate stocks.”
A gauge of Shanghai-listed developer stocks slumped 10 percent this year, while the benchmark Shanghai Composite Index rallied 14 percent.
New home prices grew by 0.12 percent last month, the slowest pace since February, as wider property curbs cooled demand, prompting developers to cut prices. Still, prices have gained every month since mid 2015.
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