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China’s banking regulator to “keep eye” on commercial property

Posted on 12 August 2011

The China Banking Regulatory Commission (CBRC) said it would keep a cautious eye on residential property markets in lower-tier cities and the commercial property sector, the first time the regulator expressed its concerns about the commercial property boom that’s taking place across China.
“We will continue to monitor and keep a cautious attitude towards the commercial property sector,” CBRC chairman Liu Mingkang said during the commission’s half-year general meeting on July 27……………………………………….Full Article: Source

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