Free Trial

Xiamen House Purchase Relaxation Is Milestone - Expert

CHINA PRESS
MNI (BEIJING)

Relaxed house purchase restrictions in Xiamen could lead to further liberalisation of the market nationwide, according to Li Naichao, president of the Beijing Chamber of Commerce for the Residential Real Estate Industry. In Xiamen, local single people can now buy a second house and local families with at least two children can purcahse a third. Li said the Xiamen reforms are significant due to the city's high GDP ranking in China. However, unnamed sources who spoke to Securities Daily said the central government must monitor the situation to prevent overheating.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.