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It is clear that Gabriel Makhlouf, the incoming governor of the Central Bank, will come under pressure from the property industry to relax the regulator’s mortgage lending caps, which appear to be.
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Top lender Industrial and Commercial Bank of China (ICBC) reported flat net profit of 58.05 billion yuan ($8.63 billion) for the fourth quarter, the first time it has seen no growth in a quarter since.
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