Local Shanghai banks and the Shanghai branches of the Big Four have tightened controls over housing loans to second-home buyers with annual quotas almost exhausted, the Shanghai Business Journal reported. Deposit requirements for buyers of second hand houses are also expected to be raised soon. Individual mortgages issued in Shanghai totalled US$949.40 million (RMB7.13 billion) in August, up RMB1.26 billion from July, the largest monthly increment since 2005. The Shanghai branches of the Big Four ...