The State Administration of Foreign Exchange (SAFE) issued
another notice declaring that China has suspended foreign debt
settlement and registration services for those overseas real estate
companies which obtained business permits after June 1 2007.
The measure seeks to halt foreign speculative investment into
the domestic real estate market amidst soaring house prices
nationwide. This will also greatly increase self-possessed capital
costs for foreign real estate companies in China.
For more details, please read the full story in Chinese.
(
http://www.dfdaily.com/node2/node27/node260/userobject1ai17098.shtml)
(China.org.cn July 24 2007)
