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China May Use Capital Rules to Cool Property, Securities Says

April 27 (Bloomberg) -- China may use capital requirements for developers as a policy tool to cool the property market, Ba Shusong, deputy directory general of the State Council’s Development Research Center, told Shanghai Securities News in an interview.

The government may raise the minimum capital requirement for housing projects to 35 percent again, after cutting it to 20 percent last year, the report cited Ba as saying.

China should also consider using a property tax to curb speculation, Ba said in the interview.

Link to Company News:{PRCH CH <Equity> CN <GO>}

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

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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