2012-08-17

Chinese home prices will start another leg down as banks squeeze developers

In Chongqing home prices plunge, Wenzhou speculators blamed, we saw that home prices are slumping as speculators dump homes. Now, the banks might get in on the action by forcing developers to move properties before its too late.

China Said To Order Action By Banks As Developer Loans Sour
The China Banking Regulatory Commission told lenders they should also demand more collateral, or tell developers to sell projects or stakes, if the banks predict they’ll have difficulty repaying loans due within 12 months, the person said, asking not to be identified because the instructions aren’t public.
Western investors are looking for a China stimulus, but Chinese regulators are pushing for another wave of deflation.

中文:银监会要求银行采取行动应对开发商贷款质量恶化

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