China’s CBRC: China should enhance stress and risk tests on mortgage loans

MNI reports a story from the Shanghai Securities News, citing Shang Fulin, president of the China Banking Regulatory Commission (CBRC), noting that China should enhance stress and risk tests on mortgage loans.

Key Quotes:

“China should enhance stress and risk tests on mortgage loans”

“Loans provided to home purchasers surged abnormally in the past two months and the hidden risks cannot be ignored as property prices continue to grow fast”