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Central Bank Shanghai Office has united 25 Shanghai local bank to restrict the credit policy

central bankPBoC is calling for restriction on mortgage on houses, on the meeting hold yesterday. It said the investigation on the qualification of mortgage requests has to be very careful. To examine the citizens’ downpayment check and enhance the check on income testification. PBoC also asked for local banks to change asset structuure and ensure the structural reform on supplyy-side demand.

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Photo from sina.com

 

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