Outstanding loans to property market up 40 pct by end of June: China central bank (2)
Outstanding loans to property market up 40 pct by end of June: China central bank (2)
21:08, July 26, 2010 
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New loans for home purchases in the first half of 2010 totaled 932.3 billion yuan.
The government introduced a series of tightening measures in April to rein in soaring housing prices and curb speculation, including tightening scrutiny of developers' financing, suspension of loans for third-home purchases and requiring higher down-payments for second-home purchases.
Housing prices in major Chinese cities rose 11.4 percent year on year in June, lower than the 12.4 percent in May and 12.8 percent in April.
Source: Xinhua
【1】 【2】
The government introduced a series of tightening measures in April to rein in soaring housing prices and curb speculation, including tightening scrutiny of developers' financing, suspension of loans for third-home purchases and requiring higher down-payments for second-home purchases.
Housing prices in major Chinese cities rose 11.4 percent year on year in June, lower than the 12.4 percent in May and 12.8 percent in April.
Source: Xinhua
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（Editor：张茜）
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