China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.

The country is proposing that local governments can scrap a rule that disqualifies people who’ve ever had a mortgage - even if fully repaid - from being considered a first-time homebuyer in major cities, official Xinhua news agency reported on Friday, citing the Ministry of Housing and Urban-Rural Development, the People’s Bank of China and the National Financial Regulatory Administration.

City governments can have leeway on whether to adopt the policy, according to the notice.

(Edited by : Asmita Pant)