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China Pledges 'Reasonable' Loans, Urges Scrutiny of Property

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LENDING STANDARDS TIGHTENING
"China’s banking regulator told lenders to step up scrutiny of property loans while pledging to satisfy “reasonable” financing needs as it seeks to control credit growth and prevent asset bubbles," according to Bloomberg. "Banks should “strictly” follow real estate lending policies, the China Banking Regulatory Commission said in a statement on its Web site after a quarterly assessment of the nation’s economic and financial situation. It repeated a call for banks to “reasonably control” lending growth."
SOURCE:   Bloomberg

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