UPDATE 1-Cautious China banks could sap Beijing's property stimulus efforts

March 31, 2015 11:37 AM

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SHANGHAI/HONG KONG, March 31 (Reuters) - As stock market investors cheer China's latest bid to boost an ailing housing sector, bankers are gritting their teeth over the risks they face in further relaxing rules on lending to home buyers.

Alarmed by persistent weakness in the property market and its increasing drag on the economy, policymakers said on Monday they were cutting downpayment levels for the second time in six months and offering bigger tax breaks.

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