The mainland's banking watchdog has reinforced credit control policies on second-home purchases in the latest sign Beijing is worried about the formation of a property market bubble.

'In respect to certain media reports about the China Banking Regulatory Commission tightening second-home mortgage lending, [its spokesman] says today, the commission's strict enforcement of its mortgage lending policy has not changed,' the regulator said in a statement issued last night.

This indicates there will be strict adherence to the rule that down payments on second homes must be a minimum of 40%.

South China Morning Post