China's CSI300 Opens Down 1.9 Pct, Tightening Steps Hit Property Sector

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China shares started lower on Monday, with China Vanke leading losses in the property sector with an 8.3 percent slide after Beijing announced more tightening measures in a bid to contain housing costs.

China shares started lower on Monday, with China Vanke leading losses in the property sector with an 8.3 percent slide after Beijing announced more tightening measures in a bid to contain housing costs.

The CSI300 of the top Shanghai and Shenzhen A-shares listings opened down 1.9 percent at 2,619.4, while the Shanghai Composite Index start down 1.2 percent.

China could increase required down payments and loan rates for buyers of second homes in cities where prices are rising too quickly, the State Council said on Friday.

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