The state-owned lender, which will provide money for the fund, plans to invest in real estate projects and turn them into affordable rental houses, CCB said in a statement late on Friday.
FINANCE
Outflows under China’s Bond Connect jump as US dollar surges
Chinese investors are boosting investment in offshore bonds as the U.S. dollar surges and U.S. interest rates rise sharply, latest data shows, deepening capital flow fears and adding pressure on the …
China Construction Bank to set up $4 billion rental housing fund
China Construction Bank (CCB) said it plans to set up a 30-billion-yuan ($4-billion) fund to finance rental housing, China’s latest state-backed effort to aid the struggling property sector.
China Construction Bank to set up US$4 billion rental housing fund
SHANGHAI: China Construction Bank (CCB) said it plans to set up a 30 billion yuan (US$4 billion) fund to finance rental housing, China’s latest state-backed effort to aid the struggling property …
China Central Bank Says to Steadily and Prudently Push Forward Yuan Internationalisation
China’s central bank said it will steadily and prudently push forward yuan internationalisation to promote a higher level of two-way opening up its financial markets. The People’s Bank of China (PBOC) …
China’s bond market sees issuance of over 5.28 trln yuan in August
Photo taken on April 9, 2020 shows the Lujiazui area in east China’s Shanghai. (Xinhua/Chen Fei) BEIJING, Sept. 23 (Xinhua) — The total bond issuance in China exceeded 5.28 trillion yuan (about 755 …
Precious Metal Catalyst Markets in China: Demand to Grow by 9% Through 2031 – ResearchAndMarkets.com
China’s demand for Precious Metal Catalyst has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed…
China’s trade with Indonesia surges almost 30 per cent thanks to jump in commodity prices, raw material demand
Imports of Indonesian goods grew 31.1 per cent between January and August compared to the same period in 2021 Chinese exports to Indonesia were 26.2 per cent higher in the first eight months compared …
China Drip Feeds Liquidity Before Quarter-End Amid Yuan Slide
China took small steps to boost short-term liquidity before quarter-end as it seeks to support its Covid-battered economy without spurring further yuan weakness.
The Aims and Impacts of China’s Overseas Development Program
‘Banking on Beijing directs a spotlight on a hot policy issue: China’s development aid and lending. The authors subject assumptions and anecdotes to the hard test of data – examining almost 4500 …
Use private investment to fight China’s power in Pacific: secret report
A study urged the Morrison government to overhaul Australia’s foreign aid program, including taking direct equity stakes in infrastructure projects.
China’s capital conundrum: US Fed hikes and geopolitical strife add fuel to yuan exodus
After another interest-rate hike by the US Fed, and with more to come, China’s central bank is looking to prevent a rapid depreciation of the yuan Some analysts are calling for Beijing to maintain …
Prudential Financial Weighs Buying Stake in China’s ABC Life, Sources Say
Prudential Financial Inc. is considering buying a minority stake in ABC Life Insurance Co., the insurer controlled by Chinese state-owned Agricultural Bank of China Ltd., according to people familiar …
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