IN BRIEF (Page 4)

Beijing

Measures to boost rental market

The State Council, the cabinet, on Friday announced measures to help those who cannot afford to buy houses. The measures aim to encourage property developers to expand into the rental business, regulations on rental agencies and steps to protect the interests of tenants. Commercial property will qualify for rental use and eligible businesses and agencies will be given tax breaks. China will also encourage rental agencies to issue bonds and real estate securitization products, it said.