China’s pension system, once a robust state-supported scheme, has evolved into a three-tiered structure: a state-endorsed public pension, enterprise annuities, and personal pensions. While the public …
FINANCE
Africa keen for more Chinese development finance, despite economically bumpy road towards FOCAC summit
Chinese and African diplomats have started to negotiate the agenda for the Forum on China-Africa Cooperation (FOCAC) taking place in Beijing later this year. Concessional development finance, …
How China’s Retirement Crisis Is Contributing to Weak Consumption
Demographics and a feeble economy are straining both China’s pension system and the family tradition of children caring for aging parents.
China’s battered brokerages energised by Beijing’s consolidation blueprint seeking to foster world-class giants
China aims to have 10 brokerages of high calibre by 2029, nurture two to three firms to global scale by 2035, and make its capital markets globally influential by 2050 An efficient capital market led…
China property: Beijing launches US$41 billion of funds to buy unsold homes, repurchase of ‘idle’ land in drive to rescue housing market
Beijing has announced 300 billion-yuan in funds to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time.
China unveils ‘historic’ rescue for crisis-hit property sector as home prices slump again
The move would help ease financial difficulties of property companies. In China, land is mostly owned by the state. The government can sell the rights to use the land to property developers, which is …
Putin’s Finance Minister Forced to Take the Bus During China Visit: ‘No Space’
Due to a lack of room in Putin’s official motorcade, Russian Finance Minister Anton Siluanov had to take the media bus to a concert in Beijing.
China’s new and second-hand home prices extend slide in April before Beijing’s rescue measures
Another set of weak housing market data for April underscores the urgency among officials in Beijing to stem the crisis and rescue some of the nation’s biggest yet cash-strapped developers.
China property: Beijing launches US$41 billion of funds to buy unsold homes in major drive to rescue housing market
Beijing has announced 300 billion-yuan in funds to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time.
Factbox-China Pledges $138 Billion in Extra Funding to Shore up Indebted Property Sector
BEIJING/HONG KONG (Reuters) – China on Friday announced “historic” steps to stabilise the crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding, easing mortgage rules, and local governments…
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help developers get more funding to finish construction …
Xi Jinping and Vladimir Putin pledge to develop even closer China-Russia ties in energy and finance
Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.
Hugs but not the full socialist-era kiss for Putin, Xi in Beijing
A vaunted ‘new era’ of strategic partnership between Russian President Vladimir Putin and his counterpart Xi Jinping begun in Beijing on Thursday may not exactly have been sealed with a kiss, but it …
ADVERTISEMENT
