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China Daily | Updated: 2009-10-29 08:19
CBRC cracks whip on lending
China's top banking regulator yesterday unveiled new rules on personal loans as part of efforts to ensure bank lending seeped into the real economy and prevent loan misuse.
It is the third time since July that the China Banking Regulatory Commission (CBRC) has vowed to step up oversight of loan use. The CBRC previously targeted loans for fixed-asset investment and for corporate working capital.
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