Tough stance on speculation is here to stay

No moves to expand real estate firms' financing channels, says NDRC official

China will maintain its tough stance on regulating speculative behavior in the real estate sector, and there will be no moves taken to expand the financing channels for real estate enterprises, according to the nation's top economic regulator.

"The government has been strictly implementing regulation of the real estate sector, and this is also the case for corporate bond financing approvals. The latest guideline will encourage financing in a number of limited areas such as the renovation of shanty towns, affordable housing projects and rental housing, according to a senior official with the fiscal department of the National Development and Reform Commission who declined to be identified.