BEIJING, Nov. 21 -- Regulations to curb property sector risks must not be relaxed, Chinese authorities said Tuesday.
Officials must not think of "taking a breather," according to a statement issued after a meeting on real estate policies in central China's Hubei Province.
The meeting was held by the Ministry of Housing and Urban-Rural Development, the Ministry of Land Resources and the People's Bank of China.
Since late last year, dozens of local governments have passed or expanded restrictions on house purchases and increased the minimum down payment required for mortgages.
The property market was also cooled by tightened liquidity as the government contained leverage and risk in the financial system.
The statement stressed continuity and stability of property controls.
Priority should be given to stabilizing the real estate sector and dissolving the risk of a bubble. Funds should be prevented from flowing into the property sector illegally and the land supply should be increased.
Megacities with high housing prices should have some functions moved out and be better connected with smaller cities, the statement said.
Meanwhile, small cities should improve public services and steadily reduce housing inventories, it said.
The statement reiterated that rental housing was needed and that work to establish a long-term mechanism to support a stable and healthy property sector must speed up.
体坛英语资讯:FIL gives explanation on Georgian slider fatal accident
体坛英语资讯:Former NBA star sentenced to five years in shooting
体坛英语资讯:Swiss Cologna wins mens 15km cross-country skiing Olympic gold
体坛英语资讯:Holcombs crew win U.S. first Olympic bobsleigh in 62 years
体坛英语资讯:Chinas former skater Yang Yang elected as new IOC member
体坛英语资讯:Swiss Ammann wins first Olympic gold at Vancouver Games
体坛英语资讯:Laporta moves into politics
体坛英语资讯:VANOC gets all ready but weather for Winter Olympics
体坛英语资讯:Miller wins mens Alpine skiing super combined
体坛英语资讯:Ferry wins mens 12.5 km pursuit Olympic biathlon gold
体坛英语资讯:Canada, Sweden to vie for womens curling gold at Vancouver Olympics
体坛英语资讯:Vonn wins gold in womens downhill
体坛英语资讯:Swiss Defago wins mens downhill Olympic gold
体坛英语资讯:FIFA World Cup final venue ready
体坛英语资讯:Dutch Wust takes womens 1500m speed skating gold at Vancouver
体坛英语资讯:Chinas Bao takes gold at fencing Grand Prix Moscow leg
体坛英语资讯:China goes further to fight football match-fixing
体坛英语资讯:Neuner wins gold in womens 12.5km mass start for Germany
体坛英语资讯:Tiger Woods makes first public apology
体坛英语资讯:Rogge pushes not just to remember Vancouver Games with luger death
体坛英语资讯:Rebensburg wins gold in womens giant slalom for Germany
体坛英语资讯:China wins first-ever team medal at Olympic Winter Games
体坛英语资讯:Injury-hit Barcelona crashes to first defeat of season
体坛英语资讯:China makes historic breakthrough in winter sports at Vancouver Olympics
体坛英语资讯:Brazilian Ronaldo announces retirement date
体坛英语资讯:Shen,Zhao win pairs free skating at Vancouver Olympics
体坛英语资讯:Luge to go on on a shorter course
体坛英语资讯:Maria Riesch wins womens slalom for Germany at Vancouver Olympics
体坛英语资讯:Violence after soccer match kills fan in Brazil
体坛英语资讯:Whistlers fast luge track poised risky