Visitors at a real estate exhibition on the first day of May Day holiday in Hefei. Prices of new homes surged by as much as 46.5 per cent last year in the Anhui provincial capital city, according to statistics bureau data. Photo: Xinhua

Mortgage draw downs slow to a trickle as China tightens credits

The central bank is requiring banks in some cities to monitor their loan amounts every 10 days, instead of the monthly review, to keep a lid on lending

Topic |   China property

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Visitors at a real estate exhibition on the first day of May Day holiday in Hefei. Prices of new homes surged by as much as 46.5 per cent last year in the Anhui provincial capital city, according to statistics bureau data. Photo: Xinhua
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