As the peak of outbreak disruptions recedes, policies regarding population flows and transportation have been adjusted accordingly. Recoveries in logistics, business activity and daily consumption have been quite noticeable.
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 could have a huge economic impact, one of China's top financial regulators said on Wednesday.
Due to the lowered mortgage lending benchmark rates, housing loan rates for first-time homebuyers offered by several commercial banks in Shanghai have fallen below 5 percent to as low as 4.95 percent, and those for people already having existing property mortgages declined to 5.65 percent.
From next year, inclusive credit loans to micro and small enterprises, which are designed to improve such enterprises' access to financial services, will be incorporated into the relending program for agriculture and small enterprises.
Official data shows that China has issued 6.1 trillion yuan of inclusive loans to small and micro firms since last June.