Prices in major cities including Shanghai have continued to rise. Photo: Reuters Prices in major cities including Shanghai have continued to rise. Photo: Reuters
Prices in major cities including Shanghai have continued to rise. Photo: Reuters
China economy

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

Topic |   China economy
Prices in major cities including Shanghai have continued to rise. Photo: Reuters Prices in major cities including Shanghai have continued to rise. Photo: Reuters
Prices in major cities including Shanghai have continued to rise. Photo: Reuters
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