Watch­dog draws up new prop­erty sys­tem

China Daily (Canada) - - CHINA - By WANG QIAN wangqian@chi­nadaily.com.cn

A uni­fied prop­erty reg­is­tra­tion sys­tem is be­ing drafted by the na­tion’s land watch­dog in a move that ex­perts say will help fight cor­rup­tion, pave the way for prop­erty tax pi­lot plans and pro­tect nat­u­ral re­sources, in­clud­ing land, forests and wa­ter.

Rules and reg­u­la­tions for the sys­tem will be is­sued be­fore July, Tang Jian, di­rec­tor of the Land Pol­icy Re­search Center un­der the China Land Sur­vey­ing and Plan­ning In­sti­tute, said on Thurs­day.

The in­sti­tute is a think tank for the coun­try’s land pol­icy.

Tang said that es­tab­lish­ing the sys­tem will top the agenda at the Min­istry of Land and Re­sources, and was also high­lighted in a state­ment is­sued in Novem­ber af­ter the Third Ple­nary ses­sion of the 18th Com­mu­nist Party of China Cen­tral Com­mit­tee.

The state­ment said the coun­try will im­prove the prop­erty rights sys­tem for nat­u­ral re­sources and ad­min­is­tra­tion of their use, with nat­u­ral re­sources, such as bod­ies of wa­ter and forests, reg­is­tered un­der the rights sys­tem.

Shortly af­ter the an­nounce­ment, the State Coun­cil de­cided to in­te­grate re­spon­si­bil­ity for na­tion­wide prop­erty reg­is­tra­tion with the Min­istry of Land and Re­sources.

Hu Cun­zhi, vice-min­is­ter of land and re­sources, told Xin­hua News Agency that the move is aimed at bet­ter im­ple­men­ta­tion of prop­erty laws and pro­tec­tion of peo­ple’s prop­erty rights.

With the new sys­tem, a uni­fied plat­form will be set up, un­der which real es­tate ap­provals, trans­ac­tions and reg­is­tra­tion in­for­ma­tion can be shared by dif­fer­ent agen­cies

Al­though the sys­tem is ex­pected to take ef­fect in the next year, Dai Yin­ping, a land reg­is­tra­tion ex­pert, said many is­sues need to be con­sid­ered when launch­ing it.

She said the prop­erty reg­is­tra­tion sys­tem should in­clude func­tions such as no­ta­riza­tion, reg­is­tra­tion, com­pen­sa­tion and insurance.

To main­tain the ac­cu­racy and ef­fi­ciency of prop­erty reg­is­tra­tion, a no­tary depart­ment should be in­tro­duced be­fore reg­is­tra­tion, to pro­tect the pub­lic’s prop­erty rights, Dai said.

A com­pen­sa­tion and insurance mech­a­nism should be es­tab­lished to han­dle in­cor­rect reg­is­tra­tion be­cause com­pen­sa­tion in such cases is usu­ally con­sid­er­able, Dai added.

Ex­perts ap­plauded the move, say­ing it will curb over­ex­ploita­tion of nat­u­ral re­sources and com­bat cor­rup­tion.

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