CBRC Investigating Mortgage Lending in 16 Hot Cities

iFeng: 16个热点城市全覆盖 银监会严查银行房地产业务\
The past two months, China Banking Regulatory Commission concerning the real estate credit business oriented increasingly cautious. Banking Regulatory Commission Chairman Shang Fulin Speaking earlier at a meeting held in mid-September, which stressed the need to strengthen the real estate credit risk stress testing and testing. In the October 21 meeting of the third quarter, the CBRC economic and financial situation analysis meeting, the CBRC once again proposed to strictly control the real estate finance business risks, including strict control of financial funds from banks into the real estate fields.

Local banking regulatory bureau has also taken action in accordance with the spirit of the CBRC. For example, in less than a month, the Shanghai Banking Regulatory Bureau requiring commercial banks to continue to strictly enforce limited credit policies to prevent disguised relax the requirements of the policy edge ball playing, and reiterated to the down payment funding review. Thus, the Shanghai real estate regulation and further overweight.

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