*SOME CHINESE BANKS SHORTEN TENOR OF LOANS TO DEVELOPERS: XINHUA

August 10, 2016 by Joseph W. Foley in Economics

Banks including ICBC and Industrial Bank have shortened tenor of loans to real estate developers as a measure to cool down the property market, Xinhua reports, without citing anyone.

Loans with two-year maturity have been cut to one year or half a year: report
Link to report: http://www.sh.xinhuanet.com/2016-08/10/c_135580873.htm