The Ministry of Housing and.............>

CHINA PRESS: The Ministry of Housing and Urban-Rural Development, the Ministry

of Land and Resources, and the People's Bank of China stressed Tuesday the

importance of maintaining current property controls and policies, China Central

Television reported Tuesday. At a meeting in Wuhai, Hubei province, with

unidentified officials from several provinces and cities, the three government

bodies said China should stick to the goal of preventing and resolving risks in

the property sector and speed up building a stable and healthy long-term

property mechanism. The meeting noted that China needs to further develop its

rental housing market, and continue to carry out inventory reduction in some

Tier-3 and Tier-4 cities based on the government's deleveraging policy.

Financial management of the sector also needs to be strengthened in order to

balance capital allocation to the property market and other sectors, and illegal

capital flows into the property sector need to be prevented, CCTV reported.

(China Central Television)