China issues property registration rules to aid anti-graft drive


  • World
  • Monday, 22 Dec 2014

SHANGHAI (Reuters) - China issued rules requiring real-estate owners to register their holdings with authorities, a major step in the fight against official corruption that should make it harder for property speculators to evade regulations.

Until now, China has had no such registration requirement, an absence that has let some people use property as an opaque vehicle to hide assets from authorities.

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