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China Not Changing Policies on Real Estate: Daily

CHINA PRESS
MNI (Singapore)

China's policies on curbing bubbles in the real estate market will be steady and consistent, and the market should not expect authorities to loosen measures for the sake of stimulating growth, nor that the restrictions on fundraising by developers are be lifted, the Economic Daily said. The official newspaper commented after the central bank's monetary policy committee mentioned "protecting housing consumers' legal rights" following its recent Q3 meeting, raising speculations that authorities may ease controls on the sector given capital shortages have forced many developers to halt projects. The PBOC is sticking to its prudent monetary stance, and the financial system overall can withstand risks, said the newspaper. Relevant regulators should set up systems to monitor property industry risks and properly guide market expectations, said the newspaper.

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