Banking regulator wants to curb lending to unfavored sectors
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
To tame the property market, the government has ordered that credit to developers be tightened. But the banking regulator (CBRC) found violations to the directives (Caixin):
“[In 2017 inspections] the CBRC…determined that banks had circumvented regulation[s] to invest in forbidden or restricted sec...