June 28, 2018 / 3:48 AM / a year ago

China to crack down on property irregularities in 30 major cities

BEIJING, June 28 (Reuters) - China will crack down on property irregularities in 30 major cities from July to the end of December, according to a notice posted on the housing ministry’s website on Thursday.

The crackdown will be led by seven major Chinese government entities, including the housing ministry and the Ministry of Public Security, and the banking and insurance regulators.

The notice said the entities would focus on stemming speculation, cracking down on illegal agencies and developers, and fake advertisements. (Reporting by Beijing Monitoring Desk and Yawen Chen Editing by Jacqueline Wong)

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