March 17, 2019, 01:09 pm

Chinese regulators crack down on real estate-backed loans from pawn shops


 17-03-2019 1:09 PM

Pawn shops in China will often lend up to 40 percent of the value of an apartment pledged as collateral (Stock photo, credit: Getty) Over the past few years, China has increasingly relied on real estate-backed loans from pawn stores. Pawn shops in the country provided $43 billion...

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The Real Deal | Miami
The Real Deal | Miami

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