From AFX via Forbes.com:
China’s cabinet, the State Council, has approved new regulations curbing foreign capital inflows into its real estate market as it tries to rein in surging investment in the sector, the official Xinhua news agency reported.
Xinhua said the regulations, which raise capital requirements and limit market access based on tenure in China, were jointly formulated by six agencies – China’s central bank, foreign exchange regulator, commerce ministry, construction ministry, National Development and Reform Commission and State Administration for Industry and Commerce. [Full Text]
