China cracking down on bank loans redirected to property sector in 32 cities
China’s banking and insurance
regulator has launched a nationwide bank inspection to determine
if loans have been used illegally to fund property investment,
to further clamp down on speculation in the country’s real
estate market.
regulator has launched a nationwide bank inspection to determine
if loans have been used illegally to fund property investment,
to further clamp down on speculation in the country’s real
estate market.
Posted by Reuters