China banks, property stocks slump as homebuyers stop mortgage payments - CNA

7/14/2022 12:00:00 AM2 years 9 months ago

SHANGHAI: Investors dumped China's banking and real estate stocks on Thursday (Jul 14), fearing deepening trouble in the property sector would begin to hit the financial system as a wave of homebuyers refused to repay mortgage loans for delayed projects. Bond…

SHANGHAI: Investors dumped China's banking and real estate stocks on Thursday (Jul 14), fearing deepening trouble in the property sector would begin to hit the financial system as a wave of homebuyer… [+3163 chars]

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