Hong Kong Monetary Authority relaxes residential property mortgage rules

HONG KONG, July 7 (Xinhua) -- The Hong Kong Monetary Authority (HKMA) on Friday issued guidelines to banks adjusting the countercyclical macroprudential measures for property mortgage loans, making homes more affordable.

This is the first time the HKMA has relaxed the countercyclical macroprudential measures for residential properties since they were implemented in 2009. After the adjustments, the public will be