For homes valued at 5 million yuan or more, banks will require homebuyers show where their money came from. This will throw a wrench in down payment loans from various sources. Banks are also strengthening checks of income and cash, creating a blacklist for fraudulent borrowers who put fake information on applications. Violators will be banned from ever borrowing from any bank ever again.
iFeng: 楼市又出大消息!以后买房要说清楚钱从哪来
SFC suspends dealings in Tianyun (6836) shares over massive missing
corporate funds
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Source: SFC | Source date: 15-Apr-2024 20:01
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