Policy digest

Quicker procedures to register properties

China will reduce the time required for property registration to improve the business environment, according to a notice released by the State Council General Office on March 11. According to the notice, more will be done to enable the sharing of information and integration of registration procedures to refine the process for property registration. Under the notice, the time required for general registration and mortgage registration will be cut to no more than 10 and five working days respectively by the end of this year. Before the end of 2020, both are expected to be reduced to no more than five working days.

The notice also called for greater efforts to promote information sharing and integration among departments. Related departments should provide information on property registration in a timely manner and strengthen coordination with registration institutions to achieve connectivity and sharing before the end of this year.