China rolls out more support for property sector and stock market
Chinese authorities eased home purchase rules and cut the stamp duty on stock trading, in their latest bid to revive a faltering economy.
On August 25, the People’s Bank of China, the National Administration of Financial Regulation and the housing ministry said lenders should treat people without a house in their names as first-time homebuyers. This is regardless of whether they have ever had a mortgage, the authorities said in a notice.
Local governments can have leeway on whether to adopt
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