China regulator orders new round of bank stress tests on property loans

09:08, April 20, 2011      

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China's banking regulator on Tuesday ordered banks to launch a new round of stress tests on property loans and increase their efforts to prevent loan risks.

Chinese banks should continue to strictly implement the differentiated credit policy and other policies related to real estate development loans, Liu Mingkang, chairman of the China Banking Regulatory Commission, said in a statement on the regulator's website.

Banks should also strengthen their management of assets and liabilities to ward off liquidity risks, work to expand their sources of funds and improve their credit structure, he said.

He also asked banks to take measures to prevent risks from loans to local government financing vehicles, including revising loan contracts and adjusting loan periods and methods of repayment.

Source: Xinhua
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