Biz Scene: GRAPEVINE
China Daily | Updated: 2007-11-13 06:52
Regulator's appeal
The banking regulator has asked overseas banks to tighten lending to real estate developers, the China Business News reported, citing unidentified sources.
The China Banking Regulatory Commission also asked such banks to prevent loans from being used to invest in the stock market and to be more vigilant in controlling risks, the Shanghai-based newspaper said.
The request was made at a meeting last week between the regulator and the heads of overseas banks, China Business News said.
(China Daily 11/13/2007 page15)
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