Housing regulators in Zhoushan, a city in Zhejiang province, on Tuesday denied media reports saying they had loosened home purchase restrictions.

Local housing authorities said that the restrictions are still in place, but that they are carrying out a study on the demand of local residents who want to move to other districts in the city for their children's education needs, China Business News reported.

An insider who asked not to be identified told China Daily that Zhoushan authorities wanted to relax restrictions for a specific group of homebuyers, but that there's a possibility that the changes may not happen after the media reports.