China’s banking and insurance regulator has launched a nationwide inspection into commercial banks' loans to fund property investment, in a move to further scrutiny on real estate developers' financing and crack down on speculation in the housing market.
The China Banking and Insurance Regulatory Commission (CBIRC) said the inspection will be made at commercial banks in 32 cities including top-tier cities such as Beijing, Shanghai and Shenzhen, as well as provincial capitals like Chengdu and Changchun, reported the . . .
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