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China’s Banking Regulator Welcomes Home Price Adjustments

  • Guo says current moves are good as long as not too volatile
  • Home prices have fallen for five months amid industry crisis
Updated on

China’s chief banking regulator signaled he’s comfortable with moves being seen in home prices during the industry slowdown -- as long as they aren’t too extreme. 

“Now there have been some adjustments in property prices, and changes in the structure of demand -- a good thing for the financial sector,” Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a briefing on Wednesday. “But we don’t want the adjustments to be too drastic, or the impact on the economy too big.”