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A Chinese investor reacts at a stock brokerage house in Hangzhou, Zhejiang province,?Feb 24, 2014. [Long Wei/Asianewsphoto] |
Property and banking sectors dragged China's A share market down by 1.75 percent to a two-week low on Monday.
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China's biggest property developer Vanke dived more than 6.6 percent in Shenzhen and the rival Poly Real Estate retreated more than 8.5 percent in Shanghai.
Fifteen of the 16 A-share listed banks saw price drop on Monday.
Online messages have been spreading from Saturday night that some banks have started to tighten loans to steel, cement and other property-related sectors.
Although some related banks have denied the message, property shares were still hit severely on Monday.
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