CHINA TO ISSUE GUIDELINE ON ASSET-LIGHT HOUSE RENTALS

Highlights –

• China to issue guidelines on asset-lights house rentals.
• The country will also clarify regulatory measures for those engaged in sublease operations.
• Housing rental companies need to set up a regulatory account for rental funds at local commercial banks.
• Housing rental enterprises are not allowed from carrying out financial businesses in a disguised.
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Tags : CHINA MINISTRY OF HOUSING AND URBAN RURAL DEVELOPMENT, CHINESE COMMERCIAL BANKS, CHINA HOUSE RENTALS, SUBLEASE OPERATIONS CHINA,

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