China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take a controlling stake in …
PROPERTY
Factbox-China’s measures to shore up its indebted property sector
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation’s biggest private property developer, sources said.A state-engineered rescue of Country Garden by Ping An would be…
Bond Selloff at Another China Property Giant Spurs Authorities to Action
China Vanke, one of the oldest and largest real-estate companies in the country, is the latest developer to fall victim to a market selloff.
China Vanke wins support of top shareholder, which will boost developer’s liquidity
China Vanke’s majority shareholder has expressed its support of the property developer, including making a commitment to spend more than $1.0 billion on its projects.
Top PBOC Official Says He’s Not Too Worried on China’s Economy
A senior official at the People’s Bank of China says he’s sanguine about the economy because some debt risks will recede and the property market has long-term potential.
China suffers its first foreign investment deficit as US tensions and anti-spying laws spark a western exodus
Meanwhile, China’s property sector has lurched from crisis to crisis in recent years, with embattled developer Evergrande filing for bankruptcy in August and fellow real-estate giant Country Garden …
More Semiconductors, Less Housing: China’s New Economic Plan
Policymakers, wary of inciting reckless borrowing in real estate, are instead investing heavily in factories and trying to help indebted local governments.
China hunts for new industrial ‘pillars’ to replace a wobbly property market
With the property sector, formerly a steady driver of GDP growth, no longer able to deliver, new industries will have to take its place But there is no one sector which can be simply swapped…
China property: Guangzhou issues housing vouchers to those displaced by renewal efforts in move that could spur demand
Guangzhou has become China’s first tier-1 city to introduce housing vouchers to compensate residents displaced under urban-renewal efforts, a move that analysts say will boost local housing demand and …
China’s Real Estate Market Tightens Under Watchful Eyes of the Communist Party
In the sprawling, pulsating heart of China, the real estate market, a cornerstone of the nation’s economy, is being tightened under the vigilant gaze of the Chinese Communist Party. The move, a calculated and unambiguous…
Property Problems Fester In China, Threatening The Whole Economy
China’s property collapse and Beijing’s halting response has put the financial system and the economy at risk.
China Evergrande winding-up hearing adjourned as it seeks new debt deal
A Hong Kong court gave China Evergrande Group a five week reprieve to come up deal with creditors or face liquidation after the embattled developer said on Monday it was working on a revised debt…
HSBC Says China Property Sector May Worsen, Sets Aside Funds
HSBC Holdings Plc warned of the risk of a further deterioration in China’s property sector, setting aside more funds for possible losses on its exposure to the country’s commercial real estate sector.
