Beijing has capped bank property loans as a percentage of total credit, a blunter, harsher approach than previous efforts. Indebted developers will suffer, as will lenders. It’s a sign of official … ( read original…
PROPERTY
Moody’s – China’s new limits on property loans credit positive for banks, but negative for developers
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China’s Bottled Water King Is Now Richer Than Warren Buffett
The chairman of Nongfu Spring Co., a bottled-water company that’s ubiquitous in China, is now richer than Warren Buffett as his fortune surged $13.5 billion since the start of the year to $91.7 … (…
China central bank says to cap property loans by banks
China’s central bank issued a regulation on Thursday to cap property loans by banks, as authorities shift their attention back to debt risks and look to guard against any overlending to the property … (…
China Evergrande targets 3.7% sales growth in 2021, cut debt by 20%
China’s most indebted property developer Evergrande Group said on Tuesday it targets 750 billion yuan ($116.04 billion) of sales in 2021, around the same level as last year, and vowed to cut its … (…
China’s electric carmakers are paying top dollar to snap up prime storefronts
China’s commercial property developers are turning to new clients to fill spaces, many left vacant as the coronavirus pandemic hit businesses. ( read original story …)
Chinese electric carmakers snap up storefronts as property developers pursue new strategies
China’s commercial property developers are turning to new clients to fill spaces, many left vacant as the shock of the coronavirus pandemic hit businesses. ( read original story …)
The Sound Of Far-Off Thunder — China Curbs Lending To Property Developers
Chinese financial regulators have imposed new rules restricting lending to property developers in an attempt to mitigate potential risks from the sector to the country’s financial system. New … ( read original story …)
China limits property loans to curb housing bubble
In an effort to curb a possible housing bubble, China’s central bank has issued a new mandate for lenders: Limit the number of loans you’re offering. The People’s Bank of China announced the new ……
China Was A Much More Dangerous U.S. Foe When It Was Desperately Poor
Genius is once again hard to mimic, or transfer This needs to be remembered when Americans, and very surprisingly conservative Americans, bemoan the rise of China and its mimicking of American genius. ( read original…
China-U.S. Ties Hold up Property Deal With Hong Kong Consulate, Hang Lung Says
According to the letter, the Chinese government has advised the Hong Kong government that if the U.S. Consulate General intends to rent, purchase or sell any real estate in Hong K … ( read original…
China Logistics Owners to Sell Control at $2 Billion Value
China Logistics Property Holdings Co.’s two biggest shareholders have kicked off a plan to sell their stakes in a move that could trigger a takeover offer of the logistics operator, according to a … (…
China’s Empire of Concrete
The Chinese housing market has boomed, outstripping the rampant growth of the economy itself. This is how the nexus of households, local governments, banks and developers functions. ( read original story …)
