When an emblem of China’s unprecedented property crisis lurches further toward the brink, it’s hard for investors across asset classes in the world’s second-biggest economy to look away.
PROPERTY
China’s Property Crisis Deepens as Vanke Risks Default | Vantage with Palki Sharma
China’s real estate sector faces new turmoil as Vanke, once the country’s largest developer, teeters on the edge of default. Investor confidence has plummeted, with Vanke’s bonds losing over 30% in …
China property crisis thrust back into spotlight by Vanke plunge
Vanke has lost its ability to generate cash flow and is “relying on external transfusions to keep operating”, said Zhang Dawei, chief analyst at Centaline Property. Investors are watching to see if …
China Vanke bonds plunge over 20% — shock crash forces trading halt and ignites fears of a new property meltdown
China Vanke, one of China’s largest state-backed property developers, saw a sharp fall in its bonds on Wednesday, triggering fresh market concern. Several yuan bonds dropped more than 20% in early …
Asia stocks trade mixed after Wall Street’s post-Nvidia jump, while China plans property relief and holds rates
Asia stocks trade mixed on Thursday following a Wall Street’s rally after Nvidia’s strong earnings eased AI valuation concerns. Sentiment was also supported by the PBoC’s decision to keep key lending …
China weighing new property stimulus package as crisis drags on, Bloomberg reports
Last year, China scrapped a nationwide mortgage rate floor for individual homebuyers, seeking to bring down borrowing costs. The central bank then let the local interest rate self-discipline system, a …
Fixing China’s real estate sector is critical for economic recovery: CIO
George Maris of Principal Asset Management discusses the challenges in investing in China, and the need for more ‘targeted’ policy support to encourage domestic consumption.
China industrial output, property sector slowed in October
The latest data out of China show industrial production slowed last month, while investment in real estate development plunged.
REUTERS NEXT – DBS CEO Sees Tech-Led Growth in China Despite Property Slowdown
SINGAPORE (Reuters) – China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property sector and subdued consumer sentiment, DBS …
Evergrande liquidators set November-end deadline for bids on property services unit
Liquidators caution that the sale of Evergrande Property Services is at a preliminary stage and many of the details have yet to be finalised.
China’s October New Home Prices Fall at Fastest Pace in a Year
BEIJING (Reuters) -China’s new home prices fell at their fastest pace in a year in October, official data showed on Friday, highlighting persistently weak demand in the crisis-hit property sector.
China Home-Price Slump Deepens as Stimulus Fails to Halt Slide
China’s home-price slump worsened in October, ending a traditionally peak sales season with a weak reading as recent loosening measures failed to revive the moribund market.
China to expand white list mechanism to stabilize property sector
BEIJING – China will expand its “white list” mechanism to ensure that all eligible property projects have access to financial support.
