Related News
New rule targets car plate speculators
By Lu Nengneng |
September 25, 2012, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S traffic authority today announced the details of a new regulation on the transfer of private car ownership to prevent speculative bidding for Shanghai's car plates.
The new rule applies to private vehicles with nine seats and less. The owners cannot transfer their vehicle ownership within three years except when required by the court, marriage, inheritance and other special circumstances, the officials said.
The lock-up period of private car ownership used to be one year and was extended this July in an effort to push speculators out of the monthly car plate auction. The average price for a Shanghai car plate hit a record 66,425 yuan (US$10,528) this month, up 25 percent from January.
The new rule applies to private vehicles with nine seats and less. The owners cannot transfer their vehicle ownership within three years except when required by the court, marriage, inheritance and other special circumstances, the officials said.
The lock-up period of private car ownership used to be one year and was extended this July in an effort to push speculators out of the monthly car plate auction. The average price for a Shanghai car plate hit a record 66,425 yuan (US$10,528) this month, up 25 percent from January.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
