People's Bank of China Reiterates Lending and Monetary Policy Stance

At a meeting of the heads of the central bank's various branches held yesterday, the People's Bank of China reiterated its intention of continuing to provide varied lending rates for different kinds of home-buyers and also to continue to implement moderately-loose monetary policy. Beginning in April this year, in an attempt to curb rapidly rising housing prices, the central bank required commercial banks to effectively raise the interest rates on loans offered to both first- and second-home buyers and also to stop providing loans to individuals seeking to buy a third home

Source
The Beijing News

Google Translation