China to stress-test banks for real estate risk

08/10/2010 | Bloomberg

China's stress test of banks calls for lenders to evaluate scenarios of real estate prices falling 50% to 60% in cities where real estate has boomed. "The stress test highlights the government's concerns about banks' exposure to the property market," said Dai Ming, a fund manager at Shanghai Kingsun Investment Management & Consulting. "It's a pre-emptive measure by the regulator to prevent risks."

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