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When the capital chainsof real estate developersturn fragile, banksbecome cautious to grantloans, increasing thedifficulties of developers.

On April 11, the Shanghai Branchof the People's Bank of China,the country's central bank, issuedan emergency document to eightbanks in the city, requiring each of them tomake a sample survey of 12 real estate de-velopment companies by April 15 so as toassist its investigation of the capital conditionof estate developers.