"A dozen Chinese cities have introduced restrictions on home purchasing and ownership as top policymakers continue to stress the need to fend off the potential risk of a housing bubble.

""We have a large amount of financial assets at the moment, which should be led to the real economy … has been pouring into the real estate sector, which, if not properly managed, could form a bubble,"" Vice Premier Zhang Gaoli said at the China Development Forum in Beijing on Sunday."

Read more on: www.globaltimes.cn