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China’s banking regulator has warned the country’s smaller banks against rushing to grow their real estate loans after a cap on lending by big banks to the highly leveraged industry.
The China Banking and Insurance Regulatory Commission (CBIRC) will pay high attention to the rebound of property loans, and list and closely monitor banks with a high proportion of property loans in their new loans, Liu Zhongrui, a deputy director of CBIRC’s statistical information and risk surveillance department, said on Tuesday.
“Some mid- to small-sized local banks . . .
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