The city's Housing and Construction Bureau said in the notice that a citizen with a registered permanent residence is not allowed to buy a commercial residential building unless he or she is granted permanent resident status or hukou in the city for at least three years, and pays individual income tax or social insurance premium for at least 36 consecutive months. This is a major adjustment from previous regulations in 2016, when there was no time-threshold for a resident with hukou to buy a house.
The center will provide technical support for the industrial chain of hydrogen applications, he said.
The central government's indispensable oversight is a key guarantee for the proper exercise of relevant authorization and the full and accurate implementation of the "one country, two systems" principle and the Basic Law in the HKSAR, the spokesperson said.
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The central bank cut the interest rate of re-lending funds that aim to help agribusiness and small businesses by 0.25 percentage point to 2.5 percent. After receiving the re-lending funds at a favorable rate, small commercial lenders will issue loans to small businesses at a rate of no more than 4.55 percent. The spread between the two interest rates is 205 basis points.
The city has been taking swift steps to curb the virus's spread and quickened the pace of mass testing over the past days.
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The change is expected to save about 131 million yuan (.3 million) for the public.
The central bank started to implement a targeted RRR cut last month, which allowed commercial banks whose annual outstanding or new loans in inclusive financing accounts for more than 1.5 percent of the total to enjoy a 0.5 percentage point RRR cut from the central bank's benchmark level.
The center suggested people in the affected regions close their doors and windows at home and wear masks outdoors
The city of Ulsan, where Hyundai operates five car manufacturing plants, is less than an hour from Daegu, the epicenter of outbreak in South Korea. The plants have an annual production capacity of 1.4 million vehicles, or nearly 30 percent of Hyundai's global production. Hyundai employs 34,000 workers there in the world's biggest car complex.