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Beijing makes new moves to tighten restrictions on home purchases

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 as second home buyers.

Under the previous rule, those who have a housing loan record . . .

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