An important property of the mortgage measures is that the LTI rule acts as an automatic stabiliser in relation to house price dynamics: house prices cannot persistently rise faster than the income levels among the pool of potential purchasers.
Going forward, we will further deepen reform, gradually push forward the deleveraging process, and strengthen regulatory coordination to promote healthy development of the financial markets and maintain financial stability. Q&A session: David Marsh(Managing Director, OMFIF): It is sometimes said that there is a vacuum in leadership in the world.