ICYMI – China may impose a cap on real estate commissions to boost property demand | Forexlive

Bloomberg (gated) had the report overnight, citing unnamed sources.

The article says that in order to increase demand in the real estate market China may set a national cap on real estate commissions.

• regulate brokerage fee collection
• are considering 2% to 2.5% of the sale price as a guide
• cap likely to be adjusted every one to three years based on conditions in the property sector
• no decision has been made on the policy and fee cap
• announcement may come at the end of January

There are ongoing moves from China to support its debt-implosion-devastated property market. This also overnight:

Meanwhile, stock markets in China are bouncing very strongly indeed.