Guangzhou calls off mortgage price war
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
In an unexpected turn, authorities in Guangzhou have instructed banks to raise their mortgage rates.
Local bankers said the city has instituted a 3.0% rate floor for all newly issued mortgage loans, effective Thursday (Guangzhou Daily).
ICYDK: Following the central bank’s (PBoC) late October cut t...