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China's Regulators Plan Tighter Control of Funds Into Property

Authorities including the central bank, the China Banking Regulatory Commission and the China Securities Regulatory Commission aim to tighten control on speculative real-estate investments and money involved in land transactions, said the people, who asked not to be identified because the information isn't public. The people didn't provide further details.The Hang Seng Properties Index slumped 3 percent as of 2:50 p.
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