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…
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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 …
China Says It Will Start Buying Apartments as Housing Slump Worsens
Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.
China Embedded Finance Business Report 2024: A $158.96 Billion Market by 2029 – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments
Dublin, May 17, 2024 (GLOBE NEWSWIRE) — The “China Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2024 …
China Is Finally Getting Serious About a Housing Rescue
China’s property crisis is expected to worsen as new home sales plummet and indebted developers struggle to find funds to complete projects. WSJ’s Jonathan Cheng traveled to an abandoned “ghost town” …
China issues first batch of ultra-long special treasury bonds
BEIJING – China issued 40 billion yuan ($5.63 billion) of ultra-long special treasury bonds with a term of 30 years on Friday, the first batch of its 1 trillion yuan of such bonds planned for…
China to let local governments buy homes, cut mortgage rates to revive property sector
China will allow local government authorities to buy some homes at “reasonable” prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the …
China stimulus starts with a bond, not a bang
Beijing’s economic stimulus has finally arrived. China’s Ministry of Finance on Friday will sell 1 trillion yuan, or $138 billion, of ultra-long special sovereign bonds. This paves the way for more policy support to spur…
China Removes Mortgage Rate Floor for Individual Homebuyers
China removed the floor on mortgage rates and lowered the minimum down payment ratios for individual homebuyers in its most drastic move to shore up the beleaguered property market.
China issues first batch of 30-year stimulus bonds at yield of 2.57%
The bid-to-cover ratio for the first tranche of the special bonds was 3.91 times, suggesting solid demand for such bonds …
China’s yuan weakens as dollar rebounds, disappointing data weighs
HONG KONG: China’s yuan eased on Friday as the US dollar rebounded and a flurry of domestic data pointed to weaker retail sales and investment, suggesting the world’s second-largest economy is still struggling for traction.
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