Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile
All news

ARCHIVE NEWS

«    September 2017    »
MonTueWedThuFriSatSun
 123
45678910
11121314151617
18192021222324
252627282930 

Chinese trusts ordered to limit their investment in real estate

logo russianconstruction.com
Chinese trusts ordered to limit their investment in real estate

The Chinese banking regulator assigned trust companies to reduce the financing of a real estate and industrial sectors facing overproduction.

Directive of the Chinese Commission on Banking Regulation (CBRC) complements a number of measures taken by Chinese regulators for the purpose of solving two problems, which, according to analysts, carry the greatest threat to financial stability: overheating of housing market and increase in shadow financing.

The Chinese authorities seek to limit the risks while avoiding negative consequences for the economy.

CBRC plans to adopt a series of measures to restrict the financing of real estate market by the trust industry, which has funds in the amount of about 20 trillion yuan ($2.9 trillion), Bloomberg reports with the reference to informed sources.

Related publications

PARTNERS

UP