BEIJING, Sept 15 (Reuters) – China’s new home prices extended declines in August, official data showed on Tuesday, underscoring the persistent drag from the country’s prolonged property downturn. New …
PROPERTY
Why China’s housing market remains weak despite new government support measures
China’s new home prices declined again in August, continuing a prolonged property downturn. Major cities showed signs of stabilization, while smaller markets still faced price drops. Government …
China home prices stay weak, keeping pressure on economy
BEIJING, Sept 15 (Reuters) – China’s new home prices extended declines in August, official data showed on Tuesday, underscoring the persistent drag from the country’s prolonged property downturn. New …
China’s economic momentum stays weak as consumption falters
China’s economy faces pressure as consumer spending and investment lag in August, despite industrial output gains. Officials urged to boost support.
China’s Property Overhaul Puts Strain on Local Government Income
Earlier this month, Beijing officials were preparing to auction a plot of land worth at least $1 billion, a potential windfall for the local government. The sale attracted interest from three real …
China Sours on Tool That Helped Property Firms Overhaul Debt
China is casting doubt on one of the key mechanisms that helped keep several major property developers including Country Garden Holdings Co. out of liquidation.
China sours on tool that helped real estate firms overhaul debt
China is casting doubt on one of the key mechanisms that helped keep several major property developers including Country Garden Holdings Co out of liquidation.
China Property Moves to Fuel 30% Hit to Land Sales, Goldman Says
China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.
Goldman Sachs warns China’s housing overhaul will slash land sale revenues by 30%
Goldman Sachs warns China’s new completed-homes mandate will drive a 30% drop in land sale revenues, deepening local government fiscal strain.
Why China won’t ban housing presales outright
Late August marked something of a watershed moment for China’s embattled property sector, now in its sixth year of decline. It began with Chinese courts kicking off proceedings to liquidate the …
China’s property stocks fall as new rules upend presale funding playbook
SHANGHAI/HONG KONG, Aug 31 (Reuters) – Chinese property developer shares fell on Monday after regulatory changes aimed at restructuring the system of selling new homes before completion prompted …
Analysis: China’s Property Overhaul Targets Shadow Banking, Local Debt Risks
Regulators tighten curbs on real estate trusts and roll out a dedicated loan category for city upgrades to prevent hidden government debt …
China’s largest five banks report strongest first-half profit since height of property crash
By Ziyi Tang and Selena Li BEIJING/HONG KONG, Aug 28 (Reuters) – China’s five largest banks have reported profit growth of between 3% and 5% in the first half, as falling deposit costs eased pressure…
