The Ningbo Banking Association convened a meeting to advance the implementation of the Self-Discipline Convention on Personal Housing Loan Business within the Ningbo Banking Industry, with the participation of 57 banking institutions. The convention is designed to streamline and standardize the personal housing loan sector, encompassing rigorous loan evaluations, deterring malicious competition, and enhancing collaborative frameworks. Central to its objectives is the rectification of the disarray regarding commission rebates between banks and real estate-related entities, with a clear prohibition on all forms of kickback practices aimed at mitigating unfair competition.
