China's central government isn't changing its policies on the housing market, just yet.

Recent reports suggested that several regions had loosened policies on third-home loans. But a spokesman from the Banking Regulatory Commission says, all commercial banks must strictly follow government regulations.

Commercial banks have designed new ways to implement housing policies, under the guidance of regulatory departments. And the process of buying homes for speculation and investment have been effectively curbed, as a result.

The Banking Regulatory Commission has requested departments at all levels to beef up efforts, in reviewing the implementation of housing policies.