Four State-owned Banks Deny Halting Loans to Developers
Published:
2010-11-16
Responding to a market rumor that China’s four largest state-owned banks have stopped issuing loans to property developers, the four banks all claimed that they have not been required to cease providing loans for property companies. They stated that the reason that the issuing of loans has been tightened is that they have almost used up their loan quotas for the year.
Source
The Beijing News
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