Beijing banks issue mortgages as usual despite property bubble

(MENAFN- Asia Times) Banks in Beijing are issuing mortgages as usual despite government efforts to rein in lending and deflate a property bubble being inflated by rampant speculation, Xinhua news agency reported Monday evening, citing an unnamed source at a state-owned bank. The report says four major state-owned banks ICBC, Agricultural Bank of China, Bank of China and China Construction Bank, as well as joint-stock banks like CIB and CITIC are all ignoring directives issued this month to slow property lending, according to the report. The banks are caught in a bind because choking off housing loans will hurt their own business, according to the source in the report.
多家银行表示未暂停个人房贷

Coal companies to meet reform commission on slashing output

The Shenhua Group and 22 other major coal companies will sit down with the National Development and Reform Commission on Tuesday to thrash out coal production cuts and means to reduce overcapacity in the industry, according to a report in the Shanghai Securities Journal. China is expected to cut coal output by 250 million tons this year. Beside discussing coal demand and supply, upgrading of mines and sustainable development is also on the agenda.
发改委召集22家大型煤企负责人25日开会 分析供需形势

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