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China's trust firms halt property loans: Report

China's trust firms halt property loans: Report

Write: Shubha [2011-05-20]

BEIJING - Some of China's top trust companies have halted property-related lending and investment following a regulatory order, four sources told Reuters on Monday.

Seeing risks in rapid credit expansion to real estate projects, the China Banking Regulatory Commission last week instructed trust firms to assess the risks posed by their portfolios in a fresh move to rein in the red-hot property market.

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