Chinese Cities Expected To Widen Housing Relaxations - Yicai

Second-tier and smaller Chinese cities will up the pace of a wider relaxation of home purchase and loan restrictions, in addition to lowering down payments following the State Council’s call to better meet housing demand by allowing cities to implement differentiated loan policies, Yicai.com reported, citing Tao Chuan, analyst at Soochow Securities. While policymakers remain cautious about relaxing housing market regulations in first-tier cities under the principle of “housing is for living not speculating”, Du Haomin, analyst at Sinolink Securities, believes this round of easing may need to be led by major cities as many smaller cities have already relaxed restrictions to a certain degree, Yicai noted.