| From Dow Jones: Chinese banks should strictly control lending to the country's major property developers, the banking regulator said Thursday, indicating that it will continue to tighten its grip on lending to sector amid concerns about deteriorating loan quality.
Liu Mingkang, chief of China's Banking Regulatory Commission, has repeatedly warned of the risks in loans to the property sector. But the regulator's latest statement goes a step further, the warning has now been extended to include big property developers usually seen as better placed to repay loans. The statement posted on the CBRC website didn't elaborate..............................................Full Article: Source
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