Bloomberg reporting, citing unnamed sources.
Regulators are developing a proposal that would enable major
cities, such as Shanghai and Beijing, to reduce the deed tax for
buyers to as low as 1%, down from the current rate of up to 3%
At the margin this is a boost for domestic demand.
Mainland equities have opened higher on the day.
This article was written by Eamonn Sheridan at www.forexlive.com.
