China amended the "Constitution of the Peoples's Republic of China" (adopted April 12, 1988), to allow transfer of land rights, from "granted land rights" to "allocated land rights" thus paving the way for private land ownership, allowing for the renting, leasing, and mortgage of land. The "1990 Regulations on Granting Land Use Rights" dealt further with this followed by the "Urban Real Estate Law" (adopted July 5, 1994), the "Security Law of the People's Republic of China" (adopted June 30, 1995), and then the "Urban Mortgage Measures" (issued May 9, 1997) resulting in land privatization and mortgage lending practices.