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The results have been mostly good, even on offense, where the two can clutter the same real estate -- and block driving lanes for ... Snyder arrived in Utah with visions of a fast-breaking, Euro-style offense heavy on shooting. He adapted when he realized ...


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Published: Jan 13, 2010 5:15 a.mET Share .st0{fill:#FFFFFF;} .st1{fill:#E12828;} .st2{fill:#FAEAEA;enable-background:new ;} .st3{fill:#FAD4D4;enable-background:new ;} window.videoDomain = 'https://video-api.wsj.com'; By MarketWatch HONG KONG (MarketWatch) -- Chinese banking regulators have directed the nation's lenders to halt the practice of providing commissions to real estate agents for introducing mortgage customers, representing the latest effort to by central planners to rein in the surging property market, according to reportsThe China Banking Association, which operates under the directive of China's banking regulator, announced the guideline on Wednesday, according to Dow Jones Newswires The association did not say what the consequences would be for banks that ignore the guideline"High commissions paid by banks to real-estate agents have seriously disturbed the (financial and real-estate) markets and impacted banks' credit business," Dow Jones cited the association as saying in Wednesday's statement The announcement comes a day after the People Bank of China raised the ratio of assets lenders must set aside as reserves, in what is believed to cool credit growth amid mounting worries about inflation and surging asset pricesSee full story on China's tightening moveIt has been common practice for agents to receive commission of between 1.2% and 1.5% of the total transaction value of a property purchase, according to the report, which cited data reported by the state-run Shanghai Securities NewsChinese banks extended about 952 billion yuan ($139 billion) worth of individual mortgages in the first three quarters of 2009, a nearly four-fold rise over the value issued in the year-earlier period. More from MarketWatch More Coverage Don’t ever do this with your credit card Why tax refunds have lost their sparkle My husband sold his grandmother’s house and paid off our mortgage — now his family is threatening to sue var SA = SA || []; SA.push({ container: "#sa_calc_343799", version: 1.1, data: { key: "npqzoaaw8ttdneqrelpmx2gdnehdyiog" } }); var smscript = document.createElement('script'); smscript.type = 'text/javascript'; smscript.async = true; smscript.src = 'https://smartasset.com/snippet.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(smscript, s); MarketWatch Partner Center Most Popular Is Amazon Prime worth its new $119 price tag? Why investors should dread the month of May—especially this year They’re now making vodka from San Francisco fog My husband cashed out his retirement and, after 36 years, filed for divorce The $80 billion fitness industry sees huge growth in this demographic $(function () { if (typeof dianomiUnitCallback !== 'undefined') { var dianomiCallback = new dianomiUnitCallback('articlerightrail', 2583, 'dianomiRightRail', ', '); dianomiCallback.initialize('dianomiRightRail'); } }); $(function() { if (window.MutationObserver) { // arrive breaks if MutationObserver not supported by browser $("#dianomiRightRail").arrive(".dianomiContent", function () { $("#dianomiRightRail").unbindArrive(); $("#dianomiRightRail").trigger("rendered"); }); } else { // TODO ~ remove; listening to this event causes performance problems $("#dianomiRightRail").on('DOMNodeInserted', function () { $("#dianomiRightRail").off('DOMNodeInserted'); $("#dianomiRightRail").trigger('rendered'); }); } }); We Want to Hear from You Join the conversation Comment (function () { var isSSL = 'https:' == document.location.protocol; window.nativeAdsContext = { appId: "CFEAB5E0AC88686BA597A26FB4B54555349E3478", apikey: "ARAPgnyc0MRHNRr40%2b9oSrfSwlZG5%2bAfMeBkG2%2fh9AatBHngxiuMRHpQ%2bFJ%2fxfgc2iE%3d", publisherId: "204461", publisherName: "MarketWatch", tracingtag: "mw-tracingtag", msNativeAdsScriptLoc: "//h6.msn.com/nativeads/ms-nativeads.min.js", pageCategory: "money", pageType: "articles", bingTrafficPercent: "100" }; window.bingNACallBackToLoadOtherScript = function() { window.medianet_width = "600"; window.medianet_height = "250"; window.medianet_crid = "305312222"; window.medianet_versionId = "111299"; var mnSrc = (isSSL ? 'https:' : 'http:') + '//contextual.media.net/nmedianet.js?cid=8CU6CD37D' + (isSSL ? '&https=1' : '); document.write(''); } var date = new Date(); var concatDate = "?date=" + date.getFullYear() + "" + date.getMonth() + "" + date.getDate(); var bingNAJS = (isSSL ? 'https:' : 'http:') + window.nativeAdsContext.msNativeAdsScriptLoc + concatDate; document.write(''); })(); Community Guidelines • FAQs $(function () { if (typeof dianomiUnitCallback !== 'undefined') { var dianomiCallback = new dianomiUnitCallback('belowarticle', 2582, 'dianomiBelowArticle', 'dianomi__list', 'padding:10px'); dianomiCallback.initialize('dianomiBelowArticle'); } }); BACK TO TOP MarketWatch Site Index Topics Help Feedback Newsroom Roster Media Archive Premium Products Mobile Company Company Info Code of Conduct

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