BEIJING (Reuters) – China’s real estate investment posted its fastest year-to-date growth in three years and new construction accelerated in the first quarter, however, property sales slowed as borrowing costs rose and demand appeared to…
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China’s property investment fastest in three years but sales slow
UPDATE 1-China’s property investment fastest in 3 years but sales slow
* Q1 property investment +10.4 pct y/y, vs +9.9 pct in Jan-Feb * Property sales +3.6 pct vs +4.1 pct in Jan-Feb * New construction starts +9.7 percent vs +2.9 pct in Jan-Feb BEIJING, April…
China First-Quarter Property Investment Rises 10.4 Percent Year-On-Year
BEIJING — Real estate investment in China rose 10.4 percent in the first quarter from a year earlier as the pace of new construction sped up, while property sales slowed in the face of intensified…
China bank goes staffless at a branch; robots replace tellers
At mid-morning on a busy street in central Shanghai, Liang Min, a salesman, has entered a branch of the China Construction Bank (CCB) to withdraw money. “I need 20,000 yuan,” he says. He is talking…
Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich
Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC, plans to double its staff in Hong Kong as it eyes wealth management business from China’s growing number of millionaires and billionaires, according…
DBS CEO upbeat on foreign bank access expansion
He was impressed with the quick follow-up from China’s central bank Governor Yi Gang, who, in his speech, provided specific details for the financial services sector. “The idea that foreign banks can have not only…
China c.bank raises interest rate on 1-year MLF
SHANGHAI, April 17 (Reuters) – China’s central bank raised the interest rate on one-year medium-term lending facility (MLF) loan by 5 basis points on Tuesday, matching hikes in other short-term money market rates. The interest…
China’s Economic Growth Remains Robust Amid Strong Retail Sales
People’s Bank of China Governor Yi Gang last week said economic indicators performed better than expected in the first quarter amid continued improvement in the global outlook. Industrial output by the mining sector decreased 1.1…
China’s first-quarter economic growth beats expectations on firm consumption, property sector
That’s positive news for Beijing, giving policymakers room to further reduce risks in China’s financial system and rein in pollution without stalling economic growth. Resilient consumption, which accounted for 77.8 percent of economic growth in…
China Mobile: Depressed Price Presents Dividend Opportunity
China Mobile’s stock price has fallen 37% since its 2015 high despite a growing customer base. This fall has left it undervalued, providing an attractive opportunity for investors interested in both the potential capital gains…
China’s Sina Weibo reverses ban on LGBT content after outcry
The social media company announced the ban on LGBT content last Friday It reversed the decision Monday after a huge backlash from Chinese netizens Homosexuality is not a criminal offence in China, but discrimination is…
China is beating the United States in the race for 5G
The global race to own 5G technology is on — and China is winning. That’s according to a report released Monday by CTIA, a trade association for the US wireless industry. The study, which was…
No turnaround for Apple in China due to smartphone ‘saturation’: UBS
Apple’s iPhone sales in China will not return to their peak levels anytime soon, according to one Wall Street analyst. UBS predicts Apple’s iPhone sales growth in China will be roughly flat this fiscal year…
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