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.
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
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- China has ramped up efforts to cool its overheated housing market.
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