MNI on a piece in the 21st Century Business Herald
- A total of 17 peer-to-peer (P2P) online lending platforms have stopped providing loans for the downpayment on home purchases
The concerns on these loans relates to financial risks, stability
Over the weekend I posted on PBOC governors warning that down payment loans were illegal
Pan Gongsheng (a vice governor)
- Said some online lenders and property developers offering loans for down payments is adding to risks for both the financial and property sectors. He added that the practice was illegal
