China banking regulator says property loan risks under control

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BEIJING: Risks surrounding China’s real estate loans are under control, the country’s banking regulator said on Tuesday.

The non-performing property loan ratio was only at 0.49 % by end of the first quarter, 1.49 % points lower than the overall non-performing loan ratio, the China Banking Regulatory Commission (CBRC) said in a statement on its website.

The non-performing loan ratio of loans to property developers was at 0.56 percent. (Reporting by Beijing Monitoring Desk and Yawen Chen; Editing by Jacqueline Wong)

Source: Reuters