Property News · September 5, 2017

China’s Hubei warns state firms to be cautious in new property investment


State-owned enterprises controlled by China’s Hubei government have been warned to be “cautious” in new property investment, in a proactive response by the provincial officials to heed Beijing’s call to stave off financial risks.
In a September 4 document released by the Hubei branch of the State-owned Assets Supervision and Administration Commission(SASAC) and seen by the South China Morning Post, the state assets regulator ordered companies under its supervision to be…

Source : South China Morning Post
Read more…China’s Hubei warns state firms to be cautious in new property investment

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