China clamps down on risks in rental housing market.

 
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BEIJING -- China will curb financial risks in the rental housing market by tightening lending to rental housing companies and capping the ratio of their rental income from loans taken by tenants at 30pc, the housing ministry said on Wednesday.

The Chinese government has vigorously promoted the rental housing market since 2017 to address housing affordability as home prices skyrocketed acrossthe country. But rapid growth in the sector with little regulatory control has created unexpected financial risks. The ministry described the sector's development as 'chaotic', saying it had been filled with false...

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