China Weighs Removing Major Homebuying Curbs to Boost Demand
- China may ease restrictions on non-local home buyers
- Officials are also mulling measures to shore up stock market
China has given local governments more latitude to explore ways to stabilize the market.
Photographer: Raul Ariano/BloombergThis article is for subscribers only.
China is considering removing some of the largest remaining restrictions on home purchases after previous measures failed to revive a moribund housing market, according to people familiar with the matter.
Regulators are working on a proposal that would allow mega cities such as Shanghai and Beijing to relax restrictions for non-local buyers — those who don’t have a so-called Hukou residence permit for that location — the people said, asking not to be identified because the matter is private. It’s a barrier many smaller cities have already removed.