China bans looted antiques from going under hammer at mainland auction houses
Beijing also has priority in buying precious antiques, according to latest regulations

China has banned the auction of antiques looted from the country throughout history in its latest regulation on cultural relic auctions.
The document, issued by the State Administration on Cultural Heritage on October 20 and released on its website on Monday, stated that all cultural relics that were stolen, illegally unearthed, smuggled or looted from China would be banned from being auctioned in the country.
It also said the Chinese government had priority in buying precious antiques.


According to the regulation, the administration can appoint state-owned relic collection agencies to procure such pieces from their consignors at an agreed price. Those artefacts would no longer be accepted for auction.