CBRC denies tightening two mortgages

BEIJING, January 8 (Xinhua) The CBRC said on 8th that it had not issued a new policy on two sets of mortgages, according to the market for the CBRC to tighten two sets of mortgages and a 50% per cent down payment.　　Earlier, the media quoted Chinese commercial banks as saying that the CBRC is in the state-owned large commercial banks to seek advice on two sets of mortgage policy, to the two sets of mortgage payments to increase the down to 50%, interest rates up to 1.1 times times the benchmark rate, and recovery of financial institutions to determine the right to mortgage rates.　　The CBRC had previously asked commercial banks to carry out down payment ratios of 40% and above for two mortgages. A recent meeting of the People's Bank of China in 2010 stressed that we should pay close attention to the real estate market changes, strictly implement the relevant real estate credit policy, promote the healthy development of real estate finance