New Real Estate Policy Targets Speculators – Li Zhigang


The People’s Bank of China and the China Banking Regulatory Commission have announced plans to impose new real estate lending and credit policies aimed at quelling speculation through mortgage controls. Investors reacted to the announcement September 27 by pushing the Shanghai real estate compound index down nearly 4 percent to 303.25 points.

At the core of the policy framework is a plan to limit developer speculation by regulating mortgage financing. Sources said the policy will increase the required down payment for second-property purchases to 40 percent from the current 30 percent. Down payment rules for additional properties would be determined by individual commercial banks. [Full Text]


Subscribe to CDT


Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.