China plans tighter control of funds flow into property

Beijing

CHINA'S financial regulators plan to further tighten control of funds flowing into the property market in violation of current rules, according to people familiar with the matter.

Authorities including the central bank, the China Banking Regulatory Commission and the China Securities Regulatory Commission aim to tighten control of 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.