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Regulator Fines Banks for Real Estate Lending: Daily

CHINA PRESS

China's banking regulator fined banks a record of over CNY1 billion in the first 11 months, with many fines for illegal loans to the real estate industry, the Economic Information Daily said citing research based on regulatory data. Regulators are likely to continue their tough measures on real estate and the related shadow lending activities, the newspaper said citing Tao Jin, an analyst with Suning Institute of Finance.

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