China to crack down on property irregularities in 30 major cities

BEIJING (Reuters) – China will crack down on property irregularities in 30 major cities from July to the end of December, according to a notice posted on the housing ministry’s website on Thursday.

The crackdown will be led by seven major Chinese government entities, including the housing ministry and the Ministry of Public Security, and the banking and insurance regulators.

The notice said the entities would focus on stemming speculation, cracking down on illegal agencies and developers, and fake advertisements.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.