Reported about 1 year ago
The government may review the new youth housing loans in collaboration due to criticism on its impact on housing prices. The Ministry of the Interior has expressed hesitancy to continue subsidizing interest rates for the loans given the recent interest rate hike by the central bank. Various opinions exist among departments, with the Ministry of Finance Deputy Minister Ruan Qinghua emphasizing the need to find consensus on handling the issue. Public sector banks are considering stricter measures to prevent misuse of the loans, with concerns raised regarding potential abuse of the new youth housing loans. Collaboration and thorough assessments will be conducted to ensure proper usage of the loans.
Source: YAHOO