Reuters exclusively revealed China’s banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess systemic risks, as a crisis in the real estate sector worsens and weighs heavily on the economy. As part of their assessment, the China Banking and Insurance Regulatory Commission is looking at banks’ loan book exposure to developers to find out if those credit decisions were made according to the rules.
The post Reuters reveals China regulator launches new probe into banks’ property loan exposure appeared first on Reuters News Agency.
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