Page 16 - நகர்ப்புற கிராமப்புற வளர்ச்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Surge in illegal bank loan-funded China property buys worries regulators Reuters 1 hr ago By Lusha Zhang and Ryan Woo © Reuters/Martin Pollard FILE PHOTO: Workers are seen on scaffoldings of a construction site near residential buildings in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak By Lusha Zhang and Ryan Woo Popular Searches BEIJING (Reuters) - Property purchases in China funded through bank loans fraudulently obtained by speculators are fuelling already red-hot real estate markets in its biggest cities and beginning to alarm regulators. Four tier-1 Chinese cities, including Shenzhen and Shanghai, have reported since March that a probe by financial regulators found that 877.8 million yuan ($134.21 million) of bank loans were improperly used for property purchases.

Hong kongLusha zhangMuralikumar anantharamanHong haoPeople bankMinistry of housingInternational in hong kongRural developmentMartin pollardUrban rural developmentRyan wooஹாங் காங்ஹாங் ஹ்ம்மக்கள் வங்கிஅமைச்சகம் ஆஃப் வீட்டுவசதிசர்வதேச இல் ஹாங் காங்