Measure that I agree that could help to control property bubbles:
News in nst.com.my China halts approvals for new residential real estate funds
The government-endorsed Asset Management Association of China, or AMAC, has verbally informed private equity firms it would no longer be accepting the required registrations to set up funds to invest in projects, people familiar with the decision said, requesting not to be named because the matter is private.
Applications that have already been made would also be denied, while existing funds wouldn’t be affected, the people said.
The suspension adds to the challenges for Chinese property developers after regulators tightened funding channels including bank loans and trust funding as part of a campaign over the past years to reduce risks.
As traditional avenues of funding were choked off, real estate companies turned to private equity funds backed by high net worth individuals and institutions to raise money, often using land or cash flow income from the project sales as guarantee.
See the comprehensive article here> China halts approvals for new residential real estate funds