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Banks in Tianjin, Jinan tighten housing loans

CCTV.com

11-29-2016 14:55 BJT

The local government in Tianjin has also rolled out similar measures. First-home buyers will now have to pay a minimum 30% down payment, up from the previous 20 percent. Meanwhile, banks in Jinan have ended housing loans for three days until the end of this month. The banks did not explain the reason for the halt. But experts say it could have something to do with macro controls.

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