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Chinese regulator asked some trust companies to “control” lending to developers

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Chinese regulators said they had meetings with trust companies whose real estate business grows "too fast" in a move to curb their' lending to homebuilders after developers’ aggressive land purchases raised concerns.

Trust companies are required to strengthen risk controls and to control the growth of the size of their real estate business to maintain it at a "reasonable level", said a spokesman of the China Banking and Insurance Regulatory Commission (CBIRC) said in a press briefing on Saturday.

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