China Should Maintain Fin'l Regulation on Properties and Avoid 'Wrong Signals': Journal

China should increase the "management of expectations" and guidance of the property market so that the planned credit expansion doesn't again flow into the properties market, according to a commentary published by China Securities Journal, written by Dong Ximiao, analyst at Merchants Union Consumer Finance. The central bank had indicated plans to counter a slowdown in lending by pre-issuing loans planned for next year in the second half, which could be misinterpreted by the property market as a shift away from prudence, Dong wrote. Banks should improve support and services for boosting rental properties and partner with local government to develop a healthier housing market, Dong said.