Frustration grows in China as banks limit early mortgage payments

Economic headwinds fuel push to pay debt down ahead of schedule

20230626N China bank teller

Bank tellers count yuan currency notes at a Bank of China branch in Beijing. Chinese banks have been working to bolster their earnings after taking a hit from COVID-19. © Reuters

IORI KAWATE, Nikkei staff writer

BEIJING -- Complaints against China's banks surged in the January-March period as they tried to preserve their income by restricting early mortgage payments.

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