Wanda Group's President, Wang Jianlin recently made a statement that apart from the first-tier cities, the real estate regulation measures in other Chinese cities are unnecessary. Anbound’s Senior Fellow, He Jun, states that the priority of the regulation measure should be placed on restraining the volume of investments of real estate instead of placing controls on property purchases. The government should ease its controls over purchases of properties that are made by genuine buyers while at the same time, simplify the regulative measures on the real estate sector in the non-first-tier cities. Actually, this is also a practical option to reduce local debts and relieve their fiscal pressure.