Hong Kong | China is considering allowing homeowners to refinance as much as $US5.4 trillion ($7.9 trillion) in mortgages to lower borrowing costs for millions of families and boost consumption.
Under the plan, homeowners would be able to renegotiate terms with their current lenders before January, when banks typically reprice mortgages, people familiar with the matter said, asking not to be identified. They would also be allowed to refinance with a different bank for the first time since the global financial crisis, the people said.
