China Seen Easing Property Loan Control to Save Growth: Herald

China is likely to gradually relax the current tight financing environment for the real estate sector, focusing on meeting the loan demand of developers and first-time homebuyers and increasing financial support for the housing rental market, wrote Yin Zhongli, director of the Real Estate Finance Research Center of the Chinese Academy of Social Sciences in an article published by 21st Century Business Herald. In an unusual move, the central bank emphasized the healthy development of the property market and safeguarding the legitimate rights of home consumers in its Q3 MPC meeting, hinting a relaxation, said Yin. The release of mortgage loans may be sped up as the PBOC also proposed to allow some of next year's loan quotas to be used this year to offset the recent decline in credit growth, said Yin. But such relaxation should be carried out through window guidance to banks, so to avoid stoking the real estate market, according to Yin.