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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