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Banking Regulator Pledges to Curb Property Speculation, Securities Reports

By Bloomberg News -

China’s banking regulator will strictly enforce the government’s policies for the property market and work to curb speculation in real estate, the Shanghai Securities News reported today, citing Ye Yangfei, deputy head of the statistics department of the China Banking Regulatory Commission.

The regulator will at the same time support construction of low cost housing, Ye was cited as saying.

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