Revitalizing property, shares high on agenda

Stance clearly signaled by larger-than-expected lending rate cut

China's monetary policymakers are likely to continue next year to prioritize revitalizing market expectations for the ailing property sector and an undervalued capital market to help bring about a steady economic recovery, economists and market mavens said.

Such a policy stance was clearly signaled by the larger-than-expected lending rate reduction on Monday and the country's first monetary policy tools that channel funds to the capital market, which will substantively alleviate homebuyer burdens while repairing the valuation of Chinese equities.

"Shoring up the real estate sector and stabilizing the capital market have become the critical premise for China to expand domestic demand," said Liu Yuanchun, president of Shanghai University of Finance and Economics.