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PBOC issued new rules to cap banks’ real estate loans for first time to curb debt risks

China’s central bank issued new rules to cap bank's property loans, as authorities step up efforts to guard against overlending to the real estate sector and prevent systemic risks.

Bank’s outstanding real estate loans as a proportion of total loans and its ratio of outstanding mortgages to total loans should be capped as required, according to a statement released by the People's Bank of China (PBOC) on the last day of 2020.

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