Head of China Banking Regulatory Commission has asked the bank to "effectively control" excessive lending to the real estate sector to curb rising house prices.
At the policy meeting attended by senior executives from major banks of China, the commission chairman Liu Mingkang called for "strict scrutinisation" loans to investment houses, and apartments and luxury villas.
Under the terms of payment, as a percentage of the total cost of high-end properties, will be resurrected, he added, but did not confirm the margin, Xinhua news agency reported.
Earlier media reports said that as a whole down-payment on the new house would be raised by 20 percent, but the Bank of China (PBOC), the central bank immediately to cancel the rumors.
Liu said the regulator would also focus on the payment ability, intentions and record home buyers.
National Bureau of Statistics has reported house prices rose 5.5 percent in the first quarter, compared with the same period last year, despite repeated government calls for a "healthy" development.
Bank issued 1:26 trillion yuan in loans in the first quarter, just over half the annual target set by the regulator.
Last month, China warned that the PBOC red hot real estate sector may see the bubble burst, and warned against the possibility of financial turmoil.
China's real estate industry to absorb too much of the nation's capital, causing the government's attention, he said. www.newkerala.com
At the policy meeting attended by senior executives from major banks of China, the commission chairman Liu Mingkang called for "strict scrutinisation" loans to investment houses, and apartments and luxury villas.
Under the terms of payment, as a percentage of the total cost of high-end properties, will be resurrected, he added, but did not confirm the margin, Xinhua news agency reported.
Earlier media reports said that as a whole down-payment on the new house would be raised by 20 percent, but the Bank of China (PBOC), the central bank immediately to cancel the rumors.
Liu said the regulator would also focus on the payment ability, intentions and record home buyers.
National Bureau of Statistics has reported house prices rose 5.5 percent in the first quarter, compared with the same period last year, despite repeated government calls for a "healthy" development.
Bank issued 1:26 trillion yuan in loans in the first quarter, just over half the annual target set by the regulator.
Last month, China warned that the PBOC red hot real estate sector may see the bubble burst, and warned against the possibility of financial turmoil.
China's real estate industry to absorb too much of the nation's capital, causing the government's attention, he said. www.newkerala.com
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