China orders banks to check whether loans used properly (Business Times (Malaysia))
SHANGHAI: China’s banking regulator has ordered lenders to conduct checks on whether any of their loans have illegally gone into the stock or property markets, a banking source said yesterday, the latest step in a clampdown on excessive lending and rising asset prices. Credit found used for improper purposes must be withdrawn within a certain period of time, said the source, who had seen the …
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China orders banks to check whether loans used properly (Business Times (Malaysia))
