Both banks and home buyers are under....>

CHINA PRESS: Both banks and home buyers are under great pressure from stricter

mortgage requirements, the 21st Century Business Herald reported Tuesday. The

newspaper cited an anonymous bank source saying it now takes six months or more

to get a mortgage, with some banks having stopped their mortgage lending.

Banking experts said quotas will remain under stress in 2018 because China will

continue the deleveraging of the property sector. That process is increasingly

pressuring banks to restructure their businesses because exposures to the

property sector are large. At one branch of a bank in Guangdong province, the

property sector exposure accounted for 62.5% of bank assets, according to the

newspaper. (21st Century Business Herald)