{"id":9000,"date":"2006-09-04T22:51:11","date_gmt":"2006-09-05T05:51:11","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2006\/09\/04\/property-policy-to-deter-overseas-speculators\/"},"modified":"2006-09-04T22:51:11","modified_gmt":"2006-09-05T05:51:11","slug":"property-policy-to-deter-overseas-speculators","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2006\/09\/property-policy-to-deter-overseas-speculators\/","title":{"rendered":"Property policy to deter overseas speculators"},"content":{"rendered":"<p>From China Daily via Xinhua:<\/p>\n<blockquote><p>The Chinese government continues to rein in overseas speculators in the country&#8217;s property market, as it is now requiring foreigners to get approval before they send funds out of the country that were earned from selling houses.<\/p>\n<p>According to a circular on management over foreign investment in China&#8217;s housing sector, which was jointly released by the State Administration of Foreign Exchange (SAFE) \/<a href=\"http:\/\/www.safe.gov.cn\/model_safe\/whjjs\/jzjs_list.jsp?id=1 \"target=\"_blank\">\u00c2\u00f5\u03a9\u00c2\u00c6\u2202\u00c2\u00a7\u00f1\u00ca\u00b1\u00e1\u00c1\u00c6\u00b0\u00c1\u00ea\u00dc\u00c2\u00b1\u00c4<\/a>and the Ministry of Construction, overseas investors who want to take over or acquire stakes in Chinese property companies will come up with the full purchase price.<\/p>\n<p>If they want to qualify for loans from Chinese or foreign banks, overseas-financed property companies will have to provide 35 percent of the funds needed for a project from their own resources, the circular said.<a href=\"http:\/\/www.chinadaily.com.cn\/china\/2006-09\/05\/content_681303.htm \"target=\"_blank\"> [Full Text] <\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From China Daily via Xinhua: The Chinese government continues to rein in overseas speculators in the country&#8217;s property market, as it is now requiring foreigners to get approval before they send funds out of the country that were earned from selling houses. According to a circular on management over foreign investment in China&#8217;s housing sector, [&hellip;]<\/p>\n","protected":false},"author":77,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[876,3721,3722],"class_list":["post-9000","post","type-post","status-publish","format-standard","hentry","category-economy","tag-property","tag-safe","tag-speculator","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property policy to deter overseas speculators<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2006\/09\/property-policy-to-deter-overseas-speculators\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property policy to deter overseas speculators\" \/>\n<meta property=\"og:description\" content=\"From China Daily via Xinhua: The Chinese government continues to rein in overseas speculators in the country&#8217;s property market, as it is now requiring foreigners to get approval before they send funds out of the country that were earned from selling houses. 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