Regulators stress stability in housing

High demand: Pedestrians at Pudong’s Lujiazui financial district in Shanghai. China has more than 300 million new urban residents with demand for housing and jobs. — Bloomberg

BEIJING: Housing price adjustments and restructuring of demand are good for China’s financial sector but regulators expect to see a smooth transition rather than drastic adjustments that can have a huge economic impact, according to one of China top financial regulators.

“Nowadays, housing loans account for a large part of total loans at large commercial banks.