Reported 11 months ago
The Financial Supervisory Commission’s Banking Bureau is taking dual approaches to prevent speculative buying and curb dummy accounts in light of concerns raised by the surge in housing loans in the New Qingan area on June 25, 2024. Measures included incorporating risk control and compliance with laws and regulations as top priorities for mortgage applications, supervising the establishment of mechanisms to prevent investment clients from engaging in speculative buying or applying for loans under false names, and ensuring that banks adhere to credit guidelines and pricing risk accordingly.
Source: YAHOO