Therefore, we should not be over-optimistic about the prospect of housing market development. Strict measures should be adopted to regulate the market. By modifying the housing loan policy, we intend to promote greater risk awareness of the commercial banks.
They are encouraged to draw up their own strategies to develop the housing loan business based on careful consideration of various factors including relevant costs and probability of default in the long and medium term. Moreover, the development of housing prices differs substantially across the country. They have been rising in most cities.