China Banking Regulatory Commission (CBRC) began to conduct inspections over the real-estate loans granted by commercial banks in eight cities across the country in April, namely, Tianjin, Shenyang, Shanghai, Nanjing, Hanzhou, Ningbo, Qingdao, Chongqin.

CBRC called for the commercial banks in those regions where unreasonable market supply and demand structure and high housing vacancy rate are dominant to strictly control the loan applications for high-grade housing.

By People's Daily Online