The Chinese government said Thursday it plans to increase the land supply available for residential property, in a bid to guide the country's runaway property market into more healthy development.
China's top banking watchdog clarified its chairman's comments on second home purchases late Sunday, saying a 60 percent down payment for second home purchases is a practice carried out by some banks in certain regions, not a rule, the Oriental Morning Post reported.
China's banking regulator said on Sunday that banks should not extend loans to home buyers who intend to use the money for speculative purposes.
China's agency overseeing big state-owned businesses has received plans from 78 state companies spelling out how they intend to sell out of the nation's heady property market, a Chinese newspaper said on Friday.
Shanghai, China's wealthiest city, may impose a property tax to curb price gains, the Shanghai Securities News reported, citing unidentified people.
Government officials of Yangzhou in East China's Jiangsu province said on Monday they will suspend the sale of a 60-hectare plot of land that had been traded without informing local residents living in the area.
China's top banking regulator on Friday announced beefed up measures to rein in the nation's runaway real estate sector.
Chinese banks have 'solved' capital-raising - CBRC
In a move to curb soaring property price, the State-assets watchdog on Thursday told major State-owned enterprises (SOEs) whose core business is not real estate to quit the market. New real estate elephants
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