Chinese banks continued to boost lending to the property sector in January, extending about 600 billion yuan ($94 billion) of loans, double the monthly average from the fourth quarter, China …
PROPERTY
Vanke says golden age of China’s property sector is over as bellwether developer girds up for hard times ahead
Chairman Yu Liang urges employees to lend a helping hand to ensure its survival amid an industry slump and cash crunch Vanke reported a 50 per cent year on year slide in contracted property sales…
Rapid Plunge in Developer’s Bonds Shows Transparency Risk in Chinese Property
Transparency worries are resurfacing in China’s real estate sector as investors try to avoid nasty surprises. Concern about hidden debt and a spate of auditor resignations has already prompted a …
China stocks close lower as property, financial firms drop
SHANGHAI — China stocks closed lower on Monday, dragged down by property and financial firms, after the central bank said it would not use real estate as a short-term method to stimulate the economy.
China Property Developers Shares up on Reports They May Have More Access to Funds
Regulatory curbs on borrowing have driven China’s property sector into a liquidity crisis, highlighted by Evergrande, the world’s most indebted property firm. The contagion has engulfed other …
Debt fears swirl around another developer as China property woes deepen
The company ranked 20th among Chinese developers by contracted sales last year, according to data compiled by China Real Estate Information Corp. As recently as December, Logan’s dollar bonds traded …
China Gives Property Firms Easier Access to Escrow Funds -Report
HONG KONG (Reuters) – China has moved to give real estate firms easier access to presale proceeds from residential projects, local media outlet Cailianshe said on Thursday, as authorities seek to …
Will China slowdown affect the UK?
Clearly, what happens in mainland China matters. James Barton So, when we see a slowdown in China’s property markets, it is important to understand what impact this could have on the UK. For years, …
China Evergrande vows to build 600,000 homes in 2022 and fully restore operations as it tries to sell its way out of its debt
Evergrande has about 220 billion yuan of funds in hand and contracted cash, Hui Ka-yan said during a Sunday meeting, according to a person familiar with the matter The Guangzhou-based developer aims …
Logan Dollar Bonds Gain; Property Shares Rise: Evergrande Update
Chinese property developers’ shares rose after regulators eased loan curbs on public rental homes. A Bloomberg Intelligence gauge of the sector gained as much as 3%, the most in about three weeks.Most …
China’s property developers are seen having a hard time accessing U.S. bond markets
“We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance,” said Annalisa Di Chiara of Moody’s.
U.S. Patience With China Wears Thin as Trade-Deal Pledges Unmet
Beijing also committed to combat the theft of U.S. intellectual property and open up its domestic market to U.S. financial service providers. The Biden administration took months at its start to …
Moody’s: Opportunities in South and Southeast Asia once investors move away from China property
Annalisa Di Chiara of Moody’s Investors Service discusses the Chinese government’s decision to ease pressure on the property sector and says there may be opportunities for diversification in South and …
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