Banks to self-examination credit funds illegally into the stock market

The CBRC is intended to crack down on the property market bubble, the normal purchase did not affect Chen Chunlin yesterday, the market News said, the CBRC recently asked banks to carry out credit funds illegal investment in the market, the risk of the housing market self-examination.　　The rumor was confirmed yesterday from the Nanjing banking industry, but the industry said the aim is to standardize bank lending behavior, to crack down on the property market bubble, the purchase of the normal home buyers have no effect. It is understood that at present, the banking regulatory department has found that some banks have relaxed the phenomenon of loan management, some enterprises misappropriation of credit funds into the stock market, housing, and some individuals misappropriation of consumer credit funds into the stock market.　　The self-examination focuses on whether the developers misappropriation of development loans to buy hoarding land, whether the borrower to buy funds, financial products, or as futures margin, the CBRC also asked the bank, on the self-examination found illegal access to the stock market, housing, to recover all loans. "We have received a request to self-examination credit funds illegal access to the capital market documents." "For market rumors, the CBRC asked commercial banks to self-examination credit funds illegally entered the capital market, a joint-stock bank in Nanjing, the head of the credit department said. "This is not just to check the credit funds into the stock market and the property market, into futures markets also in the investigation of the list." This person said, the document issued in the paper is to investigate the credit funds into the capital market, including personal credit and corporate credit, to check. Generally speaking, this kind of investigation and punishment first by the bank self-examination, then the CBRC checks again. If it is found, the relevant persons will be punished, and the lender is obliged to return credit. "According to past experience, every year, we will find some illegal into the stock market." However, bankers also said that the illegal entry of credit funds into the stock market, the property market, is the regular action of the CBRC, in recent years, the CBRC issued a similar document every year, because of the current property market bubble, so the introduction of such provisions at this time, but also to combat the effect of the stock market "To the general public ordinary home purchase no effect, big can not worry too much." Another banker said the CBRC had previously banned banks from issuing loans without a specific purpose. However, the actual use of loans by borrowers may not be consistent with the contract, it is possible to enter the stock market by this means, this situation is more difficult to check.