The PBOC and the National Financial Regulatory Administration issued a notice under Opinions on Reforming and Improving Real Estate Credit Management saying banking financial institutions may, on market-based and rule-of-law principles, negotiate with borrowers of existing personal housing loans who temporarily lose income and face repayment difficulties and flexibly adjust repayment plans by postponing repayment dates, extending loan tenors, or deferring principal payments.

2026-08-28

The PBOC and the National Financial Regulatory Administration issued a notice under Opinions on Reforming and Improving Real Estate Credit Management saying banking financial institutions may, on market-based and rule-of-law principles, negotiate with borrowers of existing personal housing loans who temporarily lose income and face repayment difficulties and flexibly adjust repayment plans by postponing repayment dates, extending loan tenors, or deferring principal payments.