China imposes new restrictions on the housing market

China seeks re-brake your housing market, raising the required deposit amount for the buyers of the first houses to 30% from 20%, while the second will require the purchase of the deposit of 50% (raised from 40%). And loans in the third house is not allowed. Also increased taxes on real estate in Beijing, Shanghai, Shenzhen and Chongqing. This reaction followed reports that the amount of housing purchases in China have soared to new highs, the last month.




Further evidence of acceleration in Chinese industry. Purchasing Managers' Index, calculated by logistic Federation and the Bureau of Statistics of China rose to 53.8 last month from 51.7 in August, exceeding expectations. Components of orders and production showed strong growth, while exports remained depressed.

Deposits in Renminbi in Hong Kong jumped by 26% in August. According to HKMA, in yuan deposits in Hong Kong jumped by 26% m / m in August to 130.4 billion yuan, or about $ 20 billion. This represents approximately 5% of all foreign currency deposits in Gonkonk.

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