Attempts to cool overheated property markets in China’s biggest cities, as well as a push to reform the country’s bloated state-owned enterprises, will push the mainland’s growth down a notch this year. That’s one of…
PROPERTY
China's premier says cities pressured by rising prices need to boost land supply
China is looking to keep the property market stable this year after prices of new homes soared 12.4 percent last year, the most since 2011. Local authorities in more than 20 cities have introduced curbs…
China to defer implementation of property tax despite surging prices
BEIJING China has no plans to implement a nationwide property tax this year, the spokeswoman for China’s parliament said on Saturday, despite mounting expectations that such measures would soon be introduced to restrain surging property…
Hangzhou latest Chinese city to expand property curbs
BEIJING Hangzhou, in China’s prosperous Zhejiang province near Shanghai, said on Thursday it would stop non-residents buying a second home there, as large cities step up their fight against property speculators. From March 3, residents…
China extends property curbs to satellite cities as speculative forces spill over
BEIJING China has extended property curbs to two satellite cities, in a sign regulators are concerned that speculators are banking on the country’s ambitious urbanization plans and buying in towns nearby sprawling metropolises. Non-local residents…
China house price growth to slow to 2 percent in 2017 on tighter credit, government curbs: Reuters poll
Prices of new homes in China surged 12.4 percent last year, the fastest rate since 2011, prompting more than 20 cities to introduce property curbs to cool the market since October. The red-hot land market,…
China seeks stable development in property market
China is seeking to maintain stability in the property market this year after the roller coaster ride of 2016, with measures to prevent surges in metropolises and the growing inventories in small cities. “Despite looming…
China can manage financial risks if property tax introduced: state media
BEIJING China could manage the resulting financial risks if a property tax is introduced and causes the housing market to correct, a state newspaper said on Monday in a front-page commentary that sought to dispel…
China’s smaller cities set to lead home sales growth
While home sales are facing a slump in China’s large, top-tier cities, they are going from strength to strength in some of their lesser known counterparts. As the government continues to intensify measures designed to…
BRIEF-China Aoyuan Property announces equity transfer agreement
* Vendors, purchaser, vendor guarantors, purchaser guarantors and target company entered into equity transfer agreement * Deal for consideration of RMB984.9 million * Vendors are Shenzhenshi Qiushuo Investment Development and Shenzhenshi Zhongnanhuali … ( read…
China insurance watchdog bars Evergrande Life from stock investing for one year
China’s top insurance regulator has punished a second company in just two days for short-term speculation, suspending the insurance arm of leading property developer Evergrande Group from trading in stocks for one year. The China…
China's IPR bullet train runs between Beijing, Guangzhou
Bullet trains with Chinese intellectual property rights on every component started running … Development of the train has taken about four years, according to the China Railway Corporation. The China-standard bullet train made its first…
China to tighten stock market supervision
BEIJING, Feb. 26 (Xinhua) — China will tighten supervision of stock markets to prevent … Saturday that it had restricted stock trading by Evergrande Life, a unit of property conglomerate Evergrande Group, for one year…
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