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China Construction Bank's Guangdong.....>

CHINA PRESS
CHINA PRESS: China Construction Bank's Guangdong branch director, Liu Jun, said
Wednesday at a forum that the bank would start a new business on Jan. 8 called
"rental housing deposits" -- homeowners selling rental rights for their
properties to the bank, which in turn will pay specified periods of rent back to
the homeowners, 21st Century Business Herald reported Wednesday. The banks will
then presumably try to rent out the properties -- through property rental
agencies -- at a higher price than what they paid the homeowners. The move comes
amid the Chinese government's effort to improve the residential rental market as
it aims for a long-term effective property system. (21st Century Business
Herald)

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