China's banking regulator will strictly implement the central government's macroeconomic policies that aim to curb soaring housing prices, an official said Tuesday.
Chinese Vice-Premier Li Keqiang said Friday that the government would continue to regulate the housing market and resolutely crack down on speculative property investment and other unreasonable market demands.
Chinese regulators have called for stress tests on loans to a range of industries, including cement and steel, whose fortunes are closely tied to property markets on the brink of a correction, official media reported on Friday.
Stress tests not signals of policy change: CBRC
Stress tests to test lenders
More realty curbs unlikely: experts
China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.
Tightening measures to curb speculation in China's real estate sector will not be changed, the Shanghai Securities News reported on Thursday, citing a government researcher.
China plans to start implementing a property tax in two or three years on a trial basis, a source from the Ministry of Finance told China Daily on Thursday.
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China looks set to start levying property tax in 2012 on a trial basis, sources from the Ministry of Finance said.
Housing experts have suggested that Beijing impose a special tax on vacant homes, in order to lower the city's vacancy rate and provide more houses to people who are in need.
China plans to widen the investment scope for its insurers by opening the real estate market for insurance capital, as limited investment channels and surging premium income bring heavier investment pressure, Monday's Wall Street Journal reported.
The country will continue its tightening policies for the property sector, even as housing prices in June saw the first monthly fall since February last year, the Ministry of Housing and Urban-Rural Development said on Monday.
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Chongqing plans to build some 30 million square meters of public housing for 1.5 million city dwellers over the next three years, in order to tackle an acute housing shortage and stabilize rising property prices, said Huang Qifan, the city's mayor.
Officials from the land and housing management bureau in South China's Guangzhou city said on Sunday they will further increase the supply of low-rent housing to meet the demand of middle- and low-income residents.
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