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China’s central bank orders 17 major lenders to rein in property loans that are fueling a nationwide credit surge

fficials from the People's Bank of China summoned executives and lending managers from banks, including the state-run "big five," and instructed them to cool mortgage loans and improve their risk management.
11 months ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
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