China has taken another step to plug a hole in its household registration system to prevent excessive speculation in its 16 trillion yuan (US$2.3 trillion/HKS$) housing market as the economy emerges from a historic slump.After a pre-emptive strike in Shenzhen in July and Nantong in December, authorities have now tightened the so-called hukou system in Hangzhou in the eastern coastal province of Zhejiang, home to Alibaba and Ant groups and many of the nation’s newly-minted stock market…
Source : South China Morning Post
Read more…Hangzhou, home to China’s new billionaires, gets a dose of property-cooling measures as peak demand looms















