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Banks should adhere to the principle of "houses are for living in, not for speculation," adjust and optimize their credit structures and implement long-term mechanisms to maintain the sound development of the real estate market, said the People's Bank of China in a statement.
Banerjee said institutes that introduce microfinance tend to have an "extremely structured" payment system, with borrowers required to pay a fixed amount at a certain time. This is in contrast to the informal money lenders who usually allow more flexible payment terms.
Based in Indonesia, the suspects targeted people in southwest China's Yunnan Province, and made around 6.4 million yuan (nearly 1 million U.S. dollars) from the victims, said the MPS.
Badr noted that the number of Chinese tourists has already notably increased after the visit of Chinese President Xi Jinping to Egypt in early 2016.
Banks bought 5 billion worth of foreign currencies and sold 6.6 billion, resulting in net sales of .6 billion last month, according to the State Administration of Foreign Exchange.
来源：资阳报