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New tests for China's banks: 50% fall in property prices

04-22-2011 14:10 BJT

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China's banking regulator has told banks to conduct another round of stress tests to assess a possible plunge in property prices, envisioning a worse-case 50 percent fall in prices.

China Securities Journal reported the latest directive, which cites Beijing, Shanghai, Shenzhen, Guangzhou, Chongqing, Hangzhou and Nanjing as "high risk" areas, and call for tests to begin in early April. The newspaper cites an unnamed official from the China Banking Regulatory Commission, saying the result will help the commission decide whether any more property tightening measures will be needed.

Since last year, regulators have told banks to conduct a series of tests to assess their exposure to property loans. But they've also emphasized the tests measures do not reflect their forecasts for the sector.



Editor:Zheng Limin |Source: CNTV.CN

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