CHINA / National

Foreign investment in real estate sector regulated
(Xinhua)
Updated: 2006-07-24 11:18

China issued on Monday new proposals to regulate foreign investment in its real estate sector.

The proposals include an increase in the ratio of registered capital in property developers' overall investment and restrictions on residential property purchases by foreign institutions and individuals.

They are part of the government's efforts to improve the efficiency of using foreign investment.

The proposals have been jointly issued by the Ministry of Construction, the Ministry of Commerce, the National Development and Reform Commission, the People's Bank of China, the State Administration of Industry and Commerce and the State Administration of Foreign Exchange.

 
 

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