Chinese banks defer mortgage payments due to resurgence of Covid-19


Source: pdnews.cn pdnews.cn

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Skyscraper window cleaners clean the exterior of the Guiyang International Trade Center in Guiyang, Guizhou province. [Photo/Xinhua] Major Chinese banks allowed clients in some cities and provinces hard-hit by COVID-19 to delay their mortgage payments to assist clients with payment difficulties at a crucial moment in the fight against the pandemic. Postal Savings Bank of China Co Ltd, a large State-owned commercial lender, allowed four types of clients to delay mortgage payments for up to six months. They are clients who are hospitalized after being infected with COVID-19 or housed in isolation facilities, those taking part in the prevention and...