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Investing.com -- China released new regulations for the rental housing market on Monday, aiming to strengthen supervision and increase supply, according to state-run news agency Xinhua.
The new rules, set to take effect on September 15, establish specific requirements for rental activities and outline operational guidelines for rental companies and brokerages.
Under the regulations, local governments will be required to enhance their oversight of the rental housing sector. Some local authorities will need to implement rent monitoring mechanisms as part of the regulatory framework.
The initiative represents China’s latest effort to address housing market challenges through improved regulation of the rental sector.
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