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Noose Tightens Over Consumer Lending in East China

2019年09月19日 20:01 来源于 财新网
Zhejiang province regulator tells banks to step up monitoring and supervision to prevent misuse of personal loans
Photo: VCGZhejiang's banking regulator requires banks to prevent consumer loans from flowing to the stock and property markets. Photo: VCG

Financial regulators in eastern China’s Zhejiang province have doubled down on efforts to enforce a ban on consumers using loans and credit cards to invest in other assets such as stocks, property and wealth management products amid continued concerns that individuals are borrowing money under false pretenses to speculate in the financial and real-estate markets.

版面编辑:喻竹杨洋

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