CBRC Takes Further Control Over Third-Home Loans
Published:
2010-08-06
The China Banking Regulatory Commission (CBRC) has allowed commercial banks located in cities where housing prices are surging to suspend issuing loans for third-home buyers yesterday, clearing up the rumor that the CBRC had stopped providing third-home loans for housing in Beijing, Shanghai, Shenzhen and Hangzhou. In fact, the CBRC did not mention any specific city.
Source
The Beijing News
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