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Five-Year LPR Seen Lower By Year-end - Times

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     BEIJING(MNI) - The People's Bank of China denied a report that it plans to
loosen quotas on property-related loans in its quarterly macro prudential
assessment, according to China Securities Journal under the Xinhua News Agency
late Monday.
     The central bank will continue to insist that "houses are for living in not
speculating on," and will adjust controls on property financing in accordance
with local conditions and in order to maintain a stable, healthy market, China
Securities Journal said, citing the PBOC.
     Bloomberg reported last Friday, citing people familiar with the matter,
that the central bank is planning to underpin new-loan growth in the first
quarter to protect the economy from the fallout of the coronavirus outbreak by
taking a softer stance on property-related loan quotas.
--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MT$$$$]

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