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China To Take More Action To Revive Property Sector (RTRS Sources)

CHINA

RTRS sources note that “China is set to take further action including relaxing home-purchase restrictions as it scrambles to tackle a deepening crisis in its massive debt-riddled property sector.”

  • “Regulators including the housing ministry, central bank and financial regulator in coming weeks will implement measures they have been working on over the past few months under State Council guidance.”
  • “Proposed measures include lifting home-purchasing curbs in non-core districts of major cities such as Beijing, Shanghai and Shenzhen.”
  • “Another proposed measure is to gradually remove price caps on new homes, widely in place for local governments to control home prices.”
  • Click for full story.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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