CBRC says housing loan risks still high
By Wang Xiaotian | China Daily | Updated: 2013-04-19 08:18
Chinese banking regulators warned that risks related to property loans remain high, and vowed to keep a close watch on such lending this year.
"Pressure from risks posed by property loans is still rising. These potential risks cannot be neglected," Wang Zhaoxing, a vice-chairman of the China Banking Regulatory Commission, was quoted as saying by Financial News on Thursday.
He said a high level of liabilities has been accumulated by developers, with more than half of such companies suffering from negative cash flow in the first three quarters of 2012.
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