BloombergChina should take steps to restrain bubble-like expansion in housing markets and tame excessive financial inflows into property, a People’s Bank of China (PBOC) economist said. One-third of the financial-system leverage added over the past decade has come from the surge of housing prices, Ma said. Cities from Shanghai to Shenzhen have been rolling out tightening measures this year as local officials tackle overheating that followed monetary stimulus. “The PBOC will be very cautious about the impact of further monetary policy easing,” said Raymond Yeung (楊宇霆), chief greater China economist at Australia & New Zealand Banking Group Ltd in Hong Kong. The central bank “is wary of the overheating property market and fast-rising mortgage loans,” Yeung said.

Source: Taipei Times September 12, 2016 16:04 UTC