For more details, joining us now in the studio is Hu Yuwei, a research fellow at the China Institute of Finance & Capital Markets.

Q1. Has this round of housing curbs taken effect?

Q2. The city of Beijing says it will continue housing curbs next year. How necessary is the policy?

Q3. Some analysts say now the demand for housing is still there, and curbing measures just delay buying and price increases. In the future home prices will continue to rise. What's your take on that?