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Shanghai raises standards of car plates bidding

Xinhua, June 19, 2016 Adjust font size:

Prospective car owners in Shanghai must now meet more requirements to bid for a car registration plate.

Bidders must be Shanghai residents, or have at least three years of uninterrupted payments of social security or income tax.

In addition, neither bidder nor automobile may have been registered for a plate before nor have a road traffic offences in the year before bidding.

Plate auctions will be suspended as of Sunday, and when the suspension will end is yet to be known. The new standards will take effect on July 19.

Shanghai uses an auction system to sell a limited number of license plates to fossil-fuel car buyers every month. Some cities including Beijing use a lottery system. Endi