Chinanews, Beijing, Nov. 8 – While many foreign investors still hold an optimistic view about Chinese real estate market, China recently revised its foreign invesetment industrial directory. The new directory sets more limitations on foreign investors who want to gain access to domestic real estate market.On Wednesday, the State Development and Reform Commission published the revised Directory of Industries for Foreign Investment. According to the new regulation, foreign investors will face some obstacles in China when they want to participate in mass land development, in the construction and operation of luxury hotels, villas, luxury office buildings and international conference halls. They are also discouraged to speculate in second-hand housing transactions and real estate intermediate services.Previously, the Ministry of Construction had issued a similar notification that discouraged foreign investors to access into domestic property market. However, many foreign investors keep on raising investment in domestic property market, thinking that they can make profits in Chinese property market with the Renminbi appreciation trend.From January to September this year, about 1.68 trillion yuan of investment flowed into domestic property market and 2.54 trillion yuan of capital flowed into real estate developers. Of this, 42.3 billion yuan came from foreign investment, increasing by more than 60%, according to information released from the National Statistics Bureau.In Beijing and Shenzhen, housing prices soar year on year, which makes many people see the negative influences that foreign investment brings to domestic housing market.The new regulation will play a positive role in that it will help drag down the exorbitant housing prices in some large Chinese cities, some market analysts say.The new regulation stipulates that foreign investors' capital proportion in domestic life insurance companies should not exceed 50%, their capital proportion in doemstic securities companies (the companies are only limited to those who consign and transact A-shares, B-shares, H-shares and government and corporate bonds) should not exceed one-third, and foreign investors' capital proportion in securities investment fund organizations should not exceed 49%.The new regulation forbids foreign investors to participate in golf course construction and management, gaming industry and arms and ammunition production.