Beijing bank regulator orders crackdown on illegal property l…

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…

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