[Christopher Balding] Channeling Tom Selleck, China tries reverse mortgages
Aug 21, 2018
The China Banking and Insurance Regulatory Commission wants to help the elderly enjoy their golden years in comfort. With the world’s fastest-aging population and a pension system beset by shortfalls, China is turning to a staple of late-night television commercials -- reverse mortgages -- to help out retirees. It just might work. Outside of Beijing and Shanghai, China’s real estate market is nearly moribund after years of spiraling values drove home ownership beyond the reach of many people. In