<a href=’http://news.xinhuanet.com/english/china/2015-01/01/c_133891719.htm’ target=’_blank’>Beijing increases housing credit ceiling</a>

With a stagnant housing market, Beijing has increased the ceiling of housing public accumulation fund loans from 800,000 yuan (130,000 U.S. dollars) to 1.2 million yuan, local authorities announced Wednesday.