China demands banks conduct stress tests on property loans
China's banking regulator on Tuesday ordered banks to launch a new round of stress tests on property loans and increase their efforts to prevent loan risks.
"Chinese banks should continue to strictly implement the differentiated credit policy and other policies related to real estate development loans," Liu Mingkang, chairman of the China Banking Regulatory Commission, said in a statement on the regulator's website, translated by Xinhua, a state-owned news agency. "Banks should also strengthen
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