Banks told to curb house loans

Beijing will adjust lending and other policies to cope with surging real estate prices. (Ynet/file)

    BEIJING, May 26 (Xinhuanet) -- China's banking regulatory body has urged commercial banks to take measures to curb the increasing level of lending in the real estate sector.

    China needs to significantly increase down payments for mortgages on expensive homes and investment properties as part of measures to rein in bank lending, according to Liu Mingkang, chairman of China Banking Regulatory Commission (CBRC).

Govt acts against property speculation

A foreigner looks at models of residential buildings at a property company's sales office in Shanghai. [China Daily]

    BEIJING, May 19 -- Beijing will adjust lending and other policies to cope with surging real estate prices, reacting to a potentially destabilizing scarcity of affordable housing and rising financial risks from property speculation.

More tax, loan and land policies expected to cap soaring house prices

A construction site in Beijing (newsphoto)

    BEIJING, May 17 (Xinhua) -- Tax, loan and land policies should play more important roles in adjusting China's real estate industry, said a State Council executive meeting on Wednesday.

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