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ICBC to curb property loans

By Wang Bo | China Daily | Updated: 2010-02-09 07:44

ICBC to curb property loans

The Industrial and Commercial Bank of China vows it will not issue new loans to developers who seek to speculate on rising property prices through "hoarding land" or "putting off home sales" and may also call back earlier credit to such borrowers. Geng Haiyang

Stricter regulations will be applied to stem rising credit risks

ICBC to curb property loans

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