Swings in China’s real estate stocks and bonds are keeping investors on edge, and could cause troubles in the sector to spill into the economy, says S&P.
PROPERTY
China Property Turmoil Risks Upending Nascent Green Debt Market
The debt crisis engulfing the Chinese real estate sector is threatening to upend developers that have borrowed billions in green debt to fund sustainable buildings.
Will China’s property tax rob from the rich and give to the poor, aiding common prosperity drive?
China’s property tax plan is part of Xi Jinping’s push to achieve common prosperity with the move aimed at narrowing the yawning wealth gap.
China probes insurance fund use in property sector to curb risk -report
Chinese regulators have opened an investigation into the use of insurance funds in a bid to combat any illegal use and to curb risk in the industry, the state-backed Shanghai Securities News reported …
METALS-Copper rises as China supports its property sector
Copper prices rose to their highest in a month on Wednesday, with other industrial metals also climbing after top consumer China announced measures to shore up its property sector. Further price …
A major Chinese property developer told staff to ‘be frugal’ amid a market slump so bad that major cities are slashing land auction prices to attract buyers
China Vanke told staff “to spend small money while doing big things” and to change their mindsets from the “golden era” of the industry.
China’s billionaires use their own funds to save property developers
Billionaire owners of Chinese developers have dipped into their own pockets for at least $3.8 billion to save their troubled companies from default, as a cash crunch engulfs the industry.
China property moguls tap their own wealth to save their firms
Billionaire owners of Chinese developers have dipped into their own pockets for at least $3.8bn as a cash crunch engulfs the industry …
China Property Junk-Bond Bargain Hunters Trigger 385% Surge in ETFs
One exchange-traded fund shows how investors are increasing bets on a rebound in Chinese property junk bonds. Surging inflows have lifted total assets of the iShares USD Asia High Yield Bond Index ETF …
Wealth management firms explains why it’s staying out of China’s property sector
Tariq Dennison of GFM Asset Management discusses why he would avoid investing in property developers. He says he prefers to invest in products with financial figures that can be more easily understood …
China Property Moguls Rescue Troubled Firms: Evergrande Update
Billionaire owners of Chinese developers have dipped into their own pockets for at least $3.8 billion to save their troubled companies from default, as a cash crunch engulfs the industry.
China’s land sales slump 13.14% in October as property woes worsen
The value of government land sales in October declined 13.14% from a year earlier to 573.7 billion yuan ($89.90 billion), after suffering a drop of 11..
China’s land sales slump for 4th month as property woes worsen
The Chinese government’s revenue from land sales slumped for a fourth month in October compared with year ago levels, as cash-strapped developers moved cautiously on land buying after tighter …
