Money
PBOC rebuts report of 'canceling home purchase limit'
Updated: 2011-06-09 11:22
(Xinhua)
BEIJING -- China's central bank on Wednesday said the media report that some "central bank researcher" forecast the cancellation of the home purchase limit within two years was factually incorrect.
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"Chen Zhanyun is not a researcher with the central bank and his remarks have nothing to do with the central bank," said the People's Bank of China (PBOC) or central bank in a statement.
Limiting home purchases is one of the tools used by the State Council to cool the property market.
The State Council has adopted a series of measures since last year to tame housing prices, including higher down payment requirements, raising interest rates, direct restrictions on home purchases, the establishment of price control targets, third-home purchase bans and a trial real estate tax in Shanghai and Chongqing, two of China's biggest cities.
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