Property investment rules eased

National cap on purchases by foreign businesses, individuals removed; mature market credited

China has eased property investment rules for foreign individuals and institutions across the country, enabling qualified foreign institutional and individual investors to buy more properties on the Chinese mainland, authorities announced in a circular on Thursday evening.

The announcement, posted on the website of the Ministry of Commerce, said that foreign institutional investors are exempt from registration fees when taking out domestic and foreign loans for property and settling foreign exchange transactions.