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The Shanghai government will introduce new restrictions on housing sales, strengthen the management of commercial housing transactions including real estate agencies, and strictly regulate the purchases of commercial housing, Xinhua News Agency said citing the city government. The government of Hangzhou, the capital of neighboring Zhejiang province, will also restrict the purchase of foreclosure homes and supervise loans to control real estate, Xinhua said. China will strictly prevent the use of housing for investment and boost supplies for those in housing need, Xinhua reported citing Ni Hong, vice-minister of the Ministry of Housing and Urban-Rural Development.