China’s property market has shown signs of warming up on expectations that Beijing will loosen monetary policy further, but a recent measure suggests the central government doesn’t want its generous stimulus to flow into the coffers of property developers.
Beijing sent inspection teams to 16 key provinces and cities at the end of July to ensure real estate tightening policies are strictly enforced by local governments, according to a statement from the State Council.
The measure aims to “further ensure that the property regulation measures are implemented and speculative housing demand is curbed,” the statement said.
The municipalities and provinces include Beijing, Tianjin, Shanghai,...
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