Dein erstes Forum » To limit housing speculation, China has tightene

MADRID Cheap Todd Frazier Jersey , Aug. 2 (Xinhua) -- The Spanish Football League (LFP) have told Real Murcia that the club "does not fulfil the conditions" to be inscribed into the Spanish Second Division (Liga Adelante) and that the club will be relegated to the third tier of the Spanish game.


The news was a massive blow to the historic club which last season played in the play-offs in order to try and gain promotion to the BBVA Primera Liga, but an outstanding tax bill of over 10 million euros (around 14 million US dollars) led the LFP to issue a communique which states: "Having examined the documents presented by Real Murcia, which have been revised by our technical services, we have appreciated the entity has failed to fulfil the requirements which are demanded for it to be inscribed in the League."


Murcia will have their place in the Liga Adelante taken by Mirandes, who were relegated at the end of last season after finishing fourth from bottom of the table, although the club from the town of Miranda del Ebro in northern Spain will have to work overtime in order to strengthen its squad for a season which kicks off in three weeks.


Murcia may not be the only club to be relegated as the result of financial issues and Racing Santander could join them in the Segunda B in five days if the LFP are not satisfied with the "additional financial-economic information".


Racing owe around 6 million euros in tax revenue and if they too are relegated their place in the Liga Adelante will be taken by Real Madrid's B team: Real Madrid Castilla. Given Real Madrid's enormous influence over the Spanish game Cheap Asdrubal Cabrera Jersey , that must be worrying for Racing fans.


CHINA Construction Bank (CCB), the country’s second-largest commercial bank by assets, has unveiled a credit loan product for tenants, as the government looks to develop the rental housing market, the People’s Daily reported.


Renters can apply for the mortgage loan to pay their rent and related costs in Shenzhen with a credit line of up to 1 million yuan (US$151,400) Cheap David Wright Jersey , the newspaper said.


The bank said the loan is easy to obtain, with a swift one-day approval process, and can be repaid within 10 years.


The bank’s Shenzhen branch signed strategic pacts Friday with 11 major property developers, including China Vanke and China Evergrande Group, and 11 companies and public institutions, including Shenzhen-based automaker BYD and EVOC Intelligent Technology Cheap Mike Piazza Jersey , to launch 5,481 long-term rental homes on the Shenzhen market.


All of the homes are new and fully furnished, which future tenants can rent online through the official CCB application.


Li Zhongdong, deputy general manager of CCB’s Shenzhen branch, told the China Daily that the housing market in China is overdeveloped. “For many people, houses and apartments have deviated from their original function as places for living to serve as investment targets Cheap Darryl Strawberry Jersey ,” Li said. “Previously, sales was the only way for developers and investors to get their money back. As landlords select the best timing to sell their houses, tenants can rarely find high quality houses for long-term rentals, which has become a weak link in the supply-side of the housing market.”


CCB hopes to join hands with real estate developers to explore solutions to this problem by making supply-side reforms through financial measures, he added.


The bank will keep seeking houses for rent through cooperation with more developers, launch more rental-related financial products Cheap Keith Hernandez Jersey , and form a subsidiary at the headquarters level to operate rental housing platforms in pilot cities selected by the government.


Chen Zhilie, board chairman of EVOC Intelligent Technology, welcomed CCB’s efforts to encourage stable and long-term rental housing.


“Industrial companies generally saw a hike in operational costs in recent years, which was caused in part by rising housing prices. Through cooperation with CCB, corporate tenants will be able to retain more talents,” Chen said.


The Central Government issued a notice in July Cheap Mets Hats , selecting 12 large and medium-sized cities including Shenzhen to accelerate the development of the rental housing market.


To limit housing speculation, China has tightened home purchase restrictions in multiple cities. Under the restrictions, some real estate developers are willing to offer part of their housing inventory for long-term rent to ease capital shortage.


Zhu Haifeng, vice president of Xin Hai Holdings, a Shenzhen-based developer, said: “CCB acquired from our company a right to lease 600 homes and agreed to pay 25 years’ rent at once Cheap Mets Hoodies , thus helping us with capital recovery.”


Apart from CCB, several other commercial banks, such as Bank of China and China CITIC Bank, as well as Internet giants such as Alibaba Group and JD Inc., also announced their plan to enter the rental housing market.


China’s rental housing marketing was worth 1.1 trillion yuan in 2016, a Securities Times report said Cheap Mets Shirts , quoting research findings. The market is expected to be valued at 1.9 trillion yuan in 2025 and more than 4 trillion in 2030.


(Shenzhen Daily-Agencies)


BEIJING, Dec. 31 (Xinhua) -- Chinese President Xi Jinping Sunday delivered a New Year speech, vowing that China would resolutely carry out reform in 2018.


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