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.
The government is unlikely to come out with more tightening policies for the real estate sector in the second half, and is more inclined to allow the market to play a lead role in adjusting prices, a top industry think-tank official said on Thursday.
Experts have called on the Chinese government to carry out a survey on Chinese residents' housing conditions in a bid to guide cooling-down measures for the property market.
A property bubble continues to pose the biggest risk for China's economy in the second half of the year and there is still room for correction in housing market.
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.
The amount of shaky loans in Shanghai continues to grow every month despite new policies released in April designed to curb them, said Yan Qingmin, director of the Shanghai banking regulatory bureau.
More property developers have began to cut prices and adjust their business portfolios to cope with sluggish transaction numbers due to government tightening of the real estate sector.
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China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources.
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.
Growing public concern over the economic slow down has triggered a national debate on whether policies should be relaxed.
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