2017-04-11

China Still Turning the Screws on Real Estate

Reuters: China banking regulator issues risk control guidelines
China's banking regulator said on Monday it has issued guidelines on risk control for lenders, as authorities ramp up efforts to contain risks from a rapid build-up in debt. The move is the latest in a slew of measures taken by China's regulators to reduce leverage and risk in the country's banks.

...China's banking regulator said on Monday it has issued guidelines on risk control for lenders, as authorities ramp up efforts to contain risks from a rapid build-up in debt. The move is the latest in a slew of measures taken by China's regulators to reduce leverage and risk in the country's banks.
iFeng: 银监会:防范房地产风险 分类实施房地产信贷调控
"Guidance" clearly pointed out that the banking financial institutions to firmly grasp the housing housing properties, classification control, due to the city policy, the implementation of differentiated housing credit policy. It is strictly forbidden to inflow into the real estate market, crack down on "down payment" and other acts, and effectively curb the hot city real estate bubble.

Meanwhile in Beijing, 15 real estate agencies and websites are facing a crackdown on their websites for using banned language such as "school district home." Companies include major agencies such as Lianjia, as well as real estate websites from Sohu, Tencent and Netease among other familiar names.
By 24 o'clock tomorrow, if the site there are "appreciation potential unlimited", "commercial and residential", "school district room" and other words, will be thorough investigation. This morning, the city live in the Committee, the Municipal Trade and Industry Bureau, City Network Office jointly interviewed the chain of home network, I love my home network, security and other 15 listings issued information website, the site issued false information, illegal agents real estate Brokerage business and other illegal acts to regulate, requiring the site to be removed before 24 o'clock in the morning there is a clear source of illegal information.
iFeng: 北京三部门约谈15家房产信息网站 违规信息全撤下

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