Prices in major cities including Shanghai have continued to rise. Photo: Reuters
Beijing bank regulator orders crackdown on illegal property loans
- Capital’s branch of China Banking and Insurance Regulatory Commission warns lenders they will be held accountable for illegal inflows of cash into real estate
- Order to investigate use of personal and business loans comes amid growing fears of a house price bubble
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China economy
Prices in major cities including Shanghai have continued to rise. Photo: Reuters