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Beijing Targets Fake Business Loans Used by Homebuyers

2021年02月16日 18:27 来源于 财新网
The move comes after the Chinese capital found some homebuyers, aided by real estate agencies, were funding their purchases with fraudulent individual business loans
China has ramped up efforts to cool its overheated housing market.

Banking regulators in Beijing have cracked down on individual business loans that were illicitly used by borrowers to personally purchase properties, as China increases efforts to rein in housing market speculation and mitigate risks to the financial system.

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