Risks of China's housing loans controllable

Author: 

China Daily

Publication date: 

Monday, 5 March 2012

Type: 

  • Article

Producer: 

External to ACUI

Project theme: 

Document: 

A Chinese banking regulator on Sunday downplayed risks from the country's property-related loans, saying the overall risks of commercial banks' housing lending are "controllable." Yan Qingmin, assistant chairman of the China Banking Regulatory Commission (CBRC), made the remarks in an interview with Xinhua on the sidelines of the annual session of the 11th Chinese People's Political Consultative Conference (CPPCC) National Committee, which opened Saturday. The banking regulatory official's remarks came after more Chinese cities reported housing price declines. In January, 48 cities out of the statistical pool of 70 major cities saw drops in new home prices from December, while home prices in 22 cities remained unchanged, according to data from the National Bureau of Statistics.