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RETAIL BANKING | Staff Reporter, China
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Chinese banks must watch out for this hidden hazard

A mortgage fraud frenzy could spell disaster for banks, says Reuters.

According to a Reuters report, gravity-defying property prices in China have spawned widespread home-loan fraud as buyers fear missing out on what seems like a sure bet. Real estate agents, valuation companies and banks themselves are party to the scam.

Read Reuters' full report here.

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