New rule rewards finders of lost property

People handing in lost property they find in Guangzhou, the capital of Guangdong province, are being awarded 10 percent of its value under a landmark new regulation enacted by the city.

If items are reclaimed by their owners, the rule encourages the owners to give the finders the same percentage reward.

Items that are found and not claimed within six months will be auctioned and the remainder of the income from public auctions will go to the national Treasury.