Chinese regulators asked some major banks in September to speed up mortgage approval in the fourth quarter.
- Lenders authorized to request the sale of residential mortgage-backed securities in order to release loan quotas
- Doing this had been banned earlier this year
- also said to increase MBS issuance to avoid loan ceilings
An answer to Evergrande and the associated concerns in the real estate sector.
The Chinese authorities are doing everything to support the real estate sector, or at least cushion the falls.