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CBRC silent on 60% property price fall test

08-06-2010 14:19 BJT

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Media reports say China's banking regulator is suggesting commercial banks test the impact of a fall in housing prices, of up to 60 percent. China Banking Regulatory Commission says it earlier ordered lenders to undertake stress tests, taking into account price drops of up to 30 percent.

The commission abstained from commenting on the hypothetical scenario of a 60 percent slump. But it does say the point of the test is to assess the impact on loan quality, brought about by fluctuations in the housing market.

The regulator also says the scenarios used in the stress tests aren't an indication of the commission's views on the property market, or possible changes in government property policies.

Editor:Xiong Qu |Source: CNTV.CN

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