Chinese housing stocks jumped after an unconfirmed report of stronger support for the market—and very poor housing data.
Tagged By financials
China Pumps Cash Into Banking System to Support Stimulus Funding
China injected the largest lump of cash in nearly seven years into the banking system with one-year policy loans, as funding demand will rise to bolster economic growth.
China central bank boosts liquidity injection via policy loan; rate unchanged
China’s central bank boosted liquidity injections but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations. The People’s Bank …
China’s Fiscal Revenue up in October Amid Tentative Recovery
BEIJING (Reuters) – China’s fiscal revenue grew 2.6% in October from a year earlier, after a 1.3% fall in September, marking the first monthly growth since July, according to Reuters calculations …
Beijing’s top official in Hong Kong calls on financial hub to serve as strong catalyst for country’s development goals
City should aim to attract international capital to stop ‘some nations’ from severing the country’s supply chains, Zheng Yanxiong says.
People’s Bank of China injects more cash to support the weak economy, keeps rates unchanged
The People’s Bank of China ((PBoC)) pumped the largest amount of cash since 2016 into the banking system and maintained the rate on one-year policy loans at 2.5%. The PBoC launched a total of CNY …
China unveils $137 bln plan to revitalise property market amid economic challenges
Market concerns have surged regarding the financial health of China’s prominent developers, particularly after a series of record defaults within the industry. The injection of funds aims not only to …
China’s property boost has to sway wary banks
Xi Jinping is stuck between debt-ridden developers and risk-shy bankers. The Chinese president’s latest attempt to boost housing through cheap loans is an enlarged version of a 2022 scheme. That …
Elon Musk and Satya Nadella are among the CEOs lining up for face time with China’s Xi, APEC’s biggest business kingmaker
Beijing has responded by jump-starting its own chip efforts and exhorting citizens to buy locally made phones and other products. From tech to logistics, oil and gas to finance, companies are …
China’s property sales extend declines, weighing on outlook
China’s property sales fell at a faster pace in October and investment in real estate slumped, official data showed on Wednesday, suggesting the crisis-hit sector is yet to emerge from its decline …
China c.bank boosts liquidity injection through policy loan, rate unchanged
China’s central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations.
Q4 GDP seen putting China in driver’s seat
British think tank Oxford Economics said it expects China’s fourth-quarter GDP to expand by 1.2 percent on a seasonally adjusted quarter-on-quarter basis, resulting in an annual growth rate of 5.2 …
China’s Discount E-Commerce Retailers Bank on South Korea
In the first three quarters of the year, South Koreans made online purchases worth more than $3.5 billion from sellers outside the country. China accounted for 46.4% of those purchases, while the U.S.