Shanghai stops mortgage "rebate" stock business and needs to be rectified within 7 days

On August 23rd, the reporter learned that the Shanghai Association of Banks recently issued a notice on further strengthening the self-discipline of the personal housing loan business of the Shanghai banking industry. The notice stated that since August 16th, all member units are strictly prohibited from paying commissions to housing cooperation institutions, etc., and the stock business needs to be rectified within one week (7 natural days) after the issuance of this notice.