| Two of China's biggest banks have given some of their branches discretion to raise the minimum down payment and mortgage rates for first-time home buyers in areas where prices have surged, signaling growing concern among banks about real-estate bubbles.
Branches of China Construction Bank Corp, the country's largest mortgage lender by assets, have raised the minimum down payment to 40% from the official minimum 30% required by the banking regulator in the wealthy coastal province of Zhejiang, an official at the bank's central headquarters said Tuesday..............................................Full Article: Source
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