{"id":33239,"date":"2024-08-21T16:18:35","date_gmt":"2024-08-21T10:48:35","guid":{"rendered":"https:\/\/businessupturn.com\/asia\/?p=33239"},"modified":"2024-08-21T16:18:35","modified_gmt":"2024-08-21T10:48:35","slug":"central-bank-president-yang-jinlong-takes-action-urges-34-banks-to-cool-housing-market","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/asia\/east-asia\/taiwan\/central-bank-president-yang-jinlong-takes-action-urges-34-banks-to-cool-housing-market\/33239\/","title":{"rendered":"Central Bank President Yang Jinlong takes action: Urges 34 banks to cool housing market"},"content":{"rendered":"
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In a dramatic push to stabilize the overheated housing market, Central Bank President Yang Jinlong has engaged in an intensive round of meetings with 34 national banks over the past ten days. The high-stakes discussions, described as \u201ccoffee meetings\u201d by insiders, reflect Yang\u2019s urgent call for measures to temper the current real estate frenzy.<\/p>\n

Yang Jinlong\u2019s marathon series of consultations has been aimed at addressing the escalating risks associated with the housing market\u2019s rapid expansion. During these meetings, Yang has stressed the importance of curbing excessive real estate lending and implementing tighter credit controls to prevent further market overheating.<\/p>\n

\u201cThe recent surge in housing prices and lending is unsustainable,\u201d Yang remarked during a recent briefing.He added that their goal is to ensure that the housing market operates within healthy boundaries and that financial stability is maintained.<\/p>\n

The central bank\u2019s intervention comes as a response to growing concerns about speculative investments and potential bubbles in the real estate sector. Yang\u2019s proactive approach involves not only direct dialogues with banks but also a broader strategy to coordinate efforts across the financial system to manage and mitigate risks.<\/p>\n

The intensive discussions have included a range of topics, from revising lending criteria to exploring new regulatory measures aimed at balancing credit distribution. Yang\u2019s push for a more disciplined approach to real estate lending is seen as a critical step in safeguarding economic stability and preventing market distortions.<\/p>\n

As the central bank\u2019s directives take shape, financial institutions are expected to reassess their real estate portfolios and implement new strategies to align with the central bank\u2019s objectives. The outcome of these high-profile meetings could have far-reaching implications for the housing market and broader economic environment, marking a pivotal moment in Taiwan\u2019s financial policy landscape.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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During these meetings, Yang has stressed the importance of curbing excessive real estate lending and implementing tighter credit controls to prevent further market overheating.<\/p>\n","protected":false},"author":385,"featured_media":33241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[1861,5033,19086,261,18761,19085],"class_list":["post-33239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taiwan","tag-bank-of-taiwan","tag-central-bank","tag-central-bank-president","tag-taiwan","tag-taiwans-real-estate-market","tag-yang-jinlong"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/33239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/385"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=33239"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/33239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/33241"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=33239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=33239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=33239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}