Regulator to keep track of realtors
China Daily | Updated: 2009-11-04 08:28
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An eye-catching property ad along a street in Nanjing which reads "Do you want?" At the end of August, liabilities exceeded 90 percent of assets at more than 160 developers that have borrowed at least 50 million yuan each from banks, sources said. An Xin |
China's banking regulator plans to review debt levels at some real estate developers on concern the companies' borrowings are fueling excessive gains in property prices, a person familiar with the matter said.
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