By then, the real estate sector Evergrande once led was in freefall, with governments across China now trying desperately to support their local property markets, a key source of revenue. Nationwide, …
PROPERTY
China sees property silver lining but can’t shake Japan comparisons
BEIJING: A plunge in China’s new housing construction is fuelling hopes the battered property sector is finally coming to terms with chronic oversupply, but a clean-up of bad assets is the missing …
China needs to inject US$276 billion into property market to stabilise prices: Goldman Sachs
China needs to inject about 2 trillion yuan into its crisis-hit property market to mop up some 10 per cent of the housing inventory and stabilise property prices, Goldman Sachs said in a report.
China Vanke property sales rise in May, with the developer resuming investments after 3-month break
Debt-laden property developer China Vanke’s contracted sales rose in May in a sign the country’s crisis-hit sector could be recovering.
Analysis-China Sees Property Silver Lining but Can’t Shake Japan Comparisons
Property investment is expected to gravitate more towards wealthy coastal areas. Shanghai and four of China’s richest provinces – Zhejiang, Jiangsu, Guangdong and Shandong – accounted for 49% of …
All the Tools the PBOC Has to Support China’s Property Sector
The People’s Bank of China is the key actor in Beijing’s intensifying effort to shore up the housing market, pumping in cash through a variety of programs with more funds available if they’re needed.
China Home Sales Slump Eases After New Government Support
The downturn in China’s residential real estate market weakened in May, suggesting that the government’s recent efforts to revive the market are beginning to take hold.
Why This Could Be A Great Time To Buy China
China’s government takes action to save property and stocks, leading to a bounce in struggling share prices. Find out why this could be good time to buy FXI ETF.
China real estate crisis: Chinese property giant Evergrande fined $576 mn for ‘fraud’: regulator
Evergrande was once China’s biggest real estate firm but its spiraling debt become emblematic of a prolonged crisis in China’s real estate sector China’s deeply indebted property giant Evergrande has been fined $576 million for…
China’s Bargain Hunters Stir in Battered Property Market
It’s incredible how far China has come since Xi espoused his mantra of “houses are for living in, not for speculation” a few years ago. While curbing financial risk was a noble cause, the real…
How did Wanda founder Wang Jianlin escape the wave that swept away embattled Evergrande property tycoon Hui Ka Yan?
Wanda Group founder Wang Jianlin turned to a ‘light-asset’ model in 2017, helping him avoid the same fate as Hui Ka Yan, the embattled founder of indebted real estate developer Evergrande Group.
China’s factory activity unexpectedly dips as property pain persists
China’s manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a protracted property crisis in the world’s second-largest economy continues to weigh on business, …
China Property Debt Rally to Face Volatility, Fund Managers Say
A recent rally in China’s property debt fueled by Beijing’s policy support runs the risk of tapering off as default risks for developers continue to linger. China’s junk dollar bonds rose for a fourth …
