Media say Chinese ministries are brewing direct intervention on house prices

The provincial price department has the right to directly limit the sale price of commercial housing "Caixin Network" (Comprehensive media reports), the relevant ministries are working to develop relevant management measures, according to this approach, when prices appear more substantial rise, the provincial price departments have the right to directly limit the sale price of commercial housing.　　such as direct restrictions on the level of profits, sales prices.　　According to the November 9 "securities Times" quoted anonymous news reported that the current "price law" stipulates that there are five types of goods and services prices can be implemented by government guidance or government pricing, so the price of the Department of Direct administrative control of prices can be the law. Some local governments have tried before. reported that September 1 this year, the implementation of the "Shenzhen real estate market supervision measures" on the clear provisions: the total level of real estate prices in the abnormal state of volatility, the price of the Integrated management Department of the relevant real estate development enterprises to remind the warning that the warning is still not regulated price behavior, violation of price laws　　The law enforcement department shall be punished by the price supervision. As early as May this year, there have been media reports that the NDRC is leading the drafting of a more stringent property control policy than "10", which concerns the government's role in the property market and the proportion of government investment. (Caixin reporter Ma Yuan)