PBOC Orders 17 Banks to Curb Housing Loans

(Beijing) – China's central bank summoned executives from 17 banks to its offices in western Beijing on Wednesday and demanded that they step up efforts to rein in home loans amid a nationwide property-market frenzy.

The in-person directive from the People's Bank of China (PBOC) followed a slew of stringent measures from numerous Chinese cities aimed at curbing the housing market.