Reported about 1 year ago
Following the enthusiastic response to the New Green An loan program in Taiwan, concerns have arisen about the policy fueling skyrocketing housing prices. However, financial experts dismiss fears of a potential debt crisis, emphasizing that banks are not to be taken lightly and that stringent regulations by the central bank and financial authorities prevent reckless lending practices. The experts caution against belittling the younger generation and stress that public banks do not engage in risky lending akin to subprime mortgages, maintaining strict scrutiny over borrowers' repayment capabilities.
Source: YAHOO