The Chinese capital’s bank regulator has ordered an investigation into the illegal use of personal loans to invest in real estate amid growing fears of a property bubble.The Beijing branch of the China Banking and Insurance Regulatory Commission told banks in the city to conduct a comprehensive examination into personal and business loans issued since the second half of last year.They must “immediately rectify problems found and strengthen internal accountability”, according to a report by…

Source link

Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.