In order to stabilize local property markets, more local governments may ease homebuying restrictions, reduce mortgage rates and lower down-payment requirements, but will continue to stay away from any big moves that could overstimulate the sector, she said.

"The down-payment for a new car is now as low as zero to 10 percent.

""The down-payment of the new car is as low as zero to 10 percent, then the user have a maximum of three years to drive his/her new car and decide whether to purchase it, or rent a new one," he said.

Dozens of Chinese cities have implemented tougher cooling measures to limit price gains since mid-March, following Beijing's unprecedented harsh curbs that lifted the down-payment ratio for second homes to 60 percent.

Meanwhile, the central bank has urged banks to strengthen mortgage risk management and crack down on market irregularities such as fake divorces to avoid high down-payment requirements.