Shanghai to control car license prices  

上海發力遏制車牌價格 打擊“炒車牌”

上海市交港局局長孫建平26日在此間參加“民生訪談”時稱，上海新的私車牌照拍賣辦法正在修改制定中，有望下半年出臺。該辦法將著力讓上海車牌價格穩中有降，并打擊遏制投機炒作行為。

Shanghai (CNS) -- An amended regulation on the auction of private car licenses in Shanghai is expected to be released this year, according to Sun Jianping, director of the Shanghai Transport and Port Administration on Sunday.

The regulation is expected to crack down on speculative car plate trading and curb the rise of car plate prices.

Related government departments in Shanghai have issued several policies to regulate the market in the past two months.

According to a regulation delivered in March, the price of a secondhand car plate should not exceed the auction price of new car plates.

A price ceiling was also applied at Shanghai's monthly car plate auction as part of the local government's efforts to cool the market.

These moves came as the average successful bid at March's auction reached just over 90,000 yuan ($14,530).

But thanks to the new policies, car plate prices dropped for the second consecutive month at Saturday's auction.

The average successful bid for a Shanghai car plate fell to 80,803 yuan, down 3,298 yuan from last month.