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Shanghai to keep tight grip on real estate lending
Commercial banks in Shanghai should continue strictly implementing a tight policy on real estate lending, the Shanghai branch of China's central bank said. Municipal authorities in Shanghai tightened mortgage down payment requirements for second home purchases in March, in a move to cool an overh
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admin
Published - Friday, 21 Oct, 2016
Commercial banks in Shanghai should continue strictly implementing a tight policy on real estate lending, the Shanghai branch of China's central bank said.
Municipal authorities in Shanghai tightened mortgage down payment requirements for second home purchases in March, in a move to cool an overheating property market and reduce fears of a bubble.
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