Cities allow borrowers to swap commercial mortgages for provident fund loans
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Cities are adopting innovative solutions to bring down the cost of existing mortgages.
In recent months, over 30 cities have offered homeowners the option to swap their commercial mortgages for cheaper housing provident fund (HPF) loans (21st Century Biz).
Refresher: Administered by local authoritie...