Stricter rules in place to control China's real estate industry
August 20, 2008 | BY
clpstaff &clp articlesAn increase in government agencies to oversee foreign investment
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The government has tightened the rules by increasing the number of layers needed for approval for foreign investment in the real estate sector, with the Ministry of Commerce issuing the Circular on Properly Handling the Record Filing for Foreign Investment in the Real Property Industry.
According to Philip Zhang, senior partner at Boss & Young, there will be more government agencies directly or indirectly involved in the supervision.