China Eases Restrictions on Property Financing : Journal

China's property loans increased significantly in October, an indication that the crackdown on real estate lending has adjusted, the Shanghai Securities Journal reported. Top policymakers and regulators have "corrected some misunderstandings" about the property financing rules which barred some loans for legitimate projects, and banks have been given the permissions to orderly provide credit, the newspaper said. Real estate loans slowed in the first three quarters as the Evergrande Group's debt crisis made lenders more averse to the sector, the newspaper said. However, with the changing regulatory environment, real estate loans are likely to resume the pace of growth, and property project reserves will be increased to ensure the steady development of the sector, the newspaper said citing analysts.