Regulator vows guidance to help address mortgage default risk

Coincidentally, Central China’s Henan Province, a major agricultural production province that blazed the trail of the country’s village banking push and that was the birthplace of Evergrande founder Xu Jiayin, has been in the news lately, as troubles at several local village banks and multiple local undelivered property projects, according to market observers, flag the need for a tougher stance on regulation over rural banks and presale homes.

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