China's local governments declared new methods to control home loans.

By bne IntelliNews February 20, 2013
China's local governments announced latest instruments to confine financing to probable homebuyers, indicating worries about tightening of the property sector. As reported by Dow Jones Global Equities News, Dongguan in Guangzhou province, Jinhua in Zhejiang province and Kunshan in Jiangsu province have made it difficult to utilize finances from the housing provident funds. The restrictions implemented this year are only a partial reversal from last year, since there were a few cities that made higher finances accessible from provident funds to assist new home owners.

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