ICBC to curb property loans (People’s Daily)
&$ &$The Industrial and Commercial Bank of China vows it will not issue new loans to developers who seek to speculate on rising property prices through “hoarding land” or “putting off home sales” and may also call back earlier credit to such borrowers. [China Daily] &$ &$ The Industrial and Commercial Bank of China (ICBC) said yesterday it would apply stricter approval rules to property lending …
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ICBC to curb property loans (People’s Daily)
