February 25, 2019 / 7:47 AM / 3 months ago

China has met debt control target but will keep tackling risks-regulator

BEIJING, Feb 25 (Reuters) - China has met its structural target for reducing debt leverage levels but will continue to crack down on riskier and illegal types of lending to prevent systemic financial risks, the banking and insurance regulator said on Monday.

The China Banking and Insurance Regulatory Commission also said it has banned down-payment loans and consumer loans from illicitly flowing into the real estate market to curb potential property bubbles, according to an official handout ahead of a news briefing. (Reporting By Yawen Chen and Vincent Lee in BEIJING, Writing by Shu Zhang in SINGAPORE; Editing by Kim Coghill)

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