Reported 9 months ago
In Taipei, reporter Chen Meijun reports that the Ministry of Finance recently ordered eight major state-owned banks to investigate whether New Qing'an housing loans have become a main culprit in property speculation. Some banks have found dozens of cases where New Qing'an loan applicants sold their properties and now need to reclaim interest payments. While New Qing'an housing loans were intended to help young people purchase homes, they have unfortunately become a convenient tool for property investors due to a lack of supporting measures. The Ministry of Finance has instructed banks to thoroughly investigate any suspected cases of using loan funds for purposes other than self-occupation, and stricter scrutiny is expected in the future.
Source: YAHOO