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New rules issued for leasing companies
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China strengthens regulation on asset-light housing rental enterprises--China Economic Net
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2021-04-26 21:50:39 GMT2021-04-27 05:50:39(Beijing Time) Xinhua English
BEIJING, April 26 (Xinhua) China has issued a guideline to strengthen regulation on asset-light housing rental enterprises and clarify regulatory measures for those engaged in sublease operations.
Housing leasing companies and individuals subleasing more than 10 houses (rooms) are required to register as market entities in accordance with law and obtain business license, said the guideline jointly issued by the Ministry of Housing and Urban-Rural Development and other five government bodies.
To defuse financial risks, the guideline required housing rental companies to set up a regulatory account for rental funds at local commercial banks. If the companies collect rents for more than three months at a time or deposits for more than one month at a time, they should include the funds in the account.
Top 10 Chinese megacities by GDP chinadaily.com.cn | Updated: 2021-04-26 06:40 Share CLOSE
Megacities refer to those with a permanent population between 5 million and 10 million in urban areas in China s city-tier system. As population flows to big cities, megacities in China have seen rapid growth.
There are 10 cities that fell in the spectrum according to a recently released yearbook on urban construction by the Ministry of Housing and Urban-Rural Development, one more compared with that in previous year. Eight out of the 10 cities saw their GDP surpass the 1 trillion yuan ($152.56 billion) threshold. The GDP of the top city was 2.7 times as much as that of the bottom one.
Top 10 Chinese megacities by GDP
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