Shenzhen Relaxes Homebuying Curbs to Spur Demand

(Bloomberg) — Southern China’s Shenzhen will be easing a key restriction on home purchases as authorities seek to arrest a slump in the nation’s property market.

The city, a technology hub connecting Hong Kong, will lower the required down-payment ratio for second homes to 40% from as much as 80%, according to Shanghai Securities News and China Central Television.