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Chinese banks reportedly tightens new loans to real estate sector, developers’ bond sales hit new record in Q3

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Some Chinese banks have been required by the regulator to reduce new loans to the real estate sector including home mortgage loans, according to several Chinese business news outlets including The 21st Century Business Herald and the state-run Securities Times.

Some banks say the quota for new loans to the sector is indeed decreasing, but the bank hasn't received any official notice from the regulator.

A bank professional told Yuan Talks that his . . .

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