There is the scope to "marginally optimize" property market policies that were rolled out when the market was overheated, said an official of the People's Bank of China, the central bank.

Zou Lan, head of the monetary policy department at the PBOC, said at a news conference on Friday that there is room for policy fine-tuning given that there have emerged significant changes in the supply-demand relationship in the property market.

Financial authorities will continue to create a favorable financial condition to accommodate the risk resolution of the property industry and step up targeted policy support for basic home buying demand and demand for better homes.