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China Should Start Property Tax, Securities Cites Official Fang

July 16 (Bloomberg) -- A Chinese property tax would be well-timed, the China Securities Journal cited Fang Xinghai, director general of Shanghai’s financial services offices, as saying.

Hong Kong’s introduction of yuan-denominated products will not affect Shanghai as a financial center, the report said.

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

To contact the editor responsible for this story: Huiwen Yang at hyang66@bloomberg.net

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