The move would help ease financial difficulties of property companies. In China, land is mostly owned by the state. The government can sell the rights to use the land to property developers, which is …
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Putin’s Finance Minister Forced to Take the Bus During China Visit: ‘No Space’
Due to a lack of room in Putin’s official motorcade, Russian Finance Minister Anton Siluanov had to take the media bus to a concert in Beijing.
China’s new and second-hand home prices extend slide in April before Beijing’s rescue measures
Another set of weak housing market data for April underscores the urgency among officials in Beijing to stem the crisis and rescue some of the nation’s biggest yet cash-strapped developers.
China property: Beijing launches US$41 billion of funds to buy unsold homes in major drive to rescue housing market
Beijing has announced 300 billion-yuan in funds to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time.
Factbox-China Pledges $138 Billion in Extra Funding to Shore up Indebted Property Sector
BEIJING/HONG KONG (Reuters) – China on Friday announced “historic” steps to stabilise the crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding, easing mortgage rules, and local governments…
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help developers get more funding to finish construction …
Xi Jinping and Vladimir Putin pledge to develop even closer China-Russia ties in energy and finance
Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.
Hugs but not the full socialist-era kiss for Putin, Xi in Beijing
A vaunted ‘new era’ of strategic partnership between Russian President Vladimir Putin and his counterpart Xi Jinping begun in Beijing on Thursday may not exactly have been sealed with a kiss, but it …
China Says It Will Start Buying Apartments as Housing Slump Worsens
Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.
China Embedded Finance Business Report 2024: A $158.96 Billion Market by 2029 – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments
Dublin, May 17, 2024 (GLOBE NEWSWIRE) — The “China Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2024 …
China Is Finally Getting Serious About a Housing Rescue
China’s property crisis is expected to worsen as new home sales plummet and indebted developers struggle to find funds to complete projects. WSJ’s Jonathan Cheng traveled to an abandoned “ghost town” …
China issues first batch of ultra-long special treasury bonds
BEIJING – China issued 40 billion yuan ($5.63 billion) of ultra-long special treasury bonds with a term of 30 years on Friday, the first batch of its 1 trillion yuan of such bonds planned for…
China to let local governments buy homes, cut mortgage rates to revive property sector
China will allow local government authorities to buy some homes at “reasonable” prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the …
