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CBRC: Resolutely correct the illegal flow of loans into the real estate market.
In response to the recent news that mortgage loans illegally flowed into the real estate market, Xiao, chief risk officer of the China Banking Regulatory Commission, said on the 22nd that when applying for loans, the funds must be used according to the purpose and must not be misappropriated, and the illegal flow of loans into the real estate market must be resolutely corrected.

Xiao said at the press conference of the State Council Office held on the 22nd that loans applied through real estate mortgage, including operating loans and mortgage loans, must truly follow the use of funds at the time of application.

"We require banks to monitor the flow of funds, ensure that the funds are used for the target when applying for loans, and resolutely correct the illegal flow of loans into the real estate market." Novel:

Regarding the report that banks and insurance institutions sold millions of customer information, Huang Hong, vice chairman of China Banking and Insurance Regulatory Commission, China, said that the relevant departments in China Banking and Insurance Regulatory Commission had monitored the sales information released by criminals abroad before the report, and immediately deployed relevant institutions to conduct a comprehensive investigation. After investigation, most of the trafficked information was forged or pieced together by hackers.

Huang Hong said that the CBRC has always adhered to a "zero tolerance" attitude towards acts that infringe on the rights and interests of financial consumers and damage the information security of customers. In the next step, we will further strengthen the network security supervision of the banking and insurance industries, urge the banking and insurance institutions to intensify relevant work, further build a safe and reliable network financial environment, and effectively protect the rights and interests of financial consumers.