Beijing to Limit How Many Homes Residents May Buy, Securities News Reports

The city of Beijing will issues policies today limiting how many homes residents of the Chinese capital are allowed to buy, the Shanghai Securities News reported today, citing an unidentified person.

The city will also “basically” stop loans for the purchase of third homes, as well as loans for those originally from outside Beijing who haven’t paid a year’s tax in the Chinese capital, the Shanghai-based newspaper reported.

To contact the reporter on this story: Jian Guo Jiang in Shanghai at jjiang@bloomberg.net

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