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Beijing makes new moves to tighten restrictions on home purchases

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China's capital city of Beijing made new moves to tighten restrictions over home buyers applying for mortgages through housing provident funds amid signs pointing to a warming housing market in the city.

According to the new rules unveiled Friday by the housing provident fund management centre which manages fund of employees of central government-controlled  agencies and enterprises, home buyers who either have a home in Beijing or a housing loan record will be classified . . .

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