Chinese property stocks may move. The government may publish a new list of cities that will be required to limit home purchases by families in two months, the Shanghai Securities News reported. The eastern Chinese cities of Kunshan, Jiaxing, Changshu and Yangzhou and the southern city of Zhuhai are likely to be on the list, the newspaper reported.
The State Council this month said second and third-tier cities that have seen excessive price gains should restrict the number of homes each family is allowed to buy, according to the newspaper.
China’s central bank probably won’t increase banks’ reserve requirement ratios in July or August, as cash flows from abroad and money supply slowed, China Securities Journal said today in a commentary on its front page.
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