Veteran China Investor Calls for Abolishing Property Curb

(Bloomberg) — One of Asia’s best-known private equity investors is proposing a complete end to home-buying restrictions in China, arguing the country is far from facing a severe oversupply in residential housing.

“When the market is too slow, the existing buying curbs add frost to snow,” Shan Weijian, executive chairman of Hong Kong-based PAG, wrote in an emailed commentary on Wednesday, invoking a Chinese phrase that means adding insult to injury. “Even though various regions have relaxed measures, it’s time to remove them completely.”