China’s outstanding property loans were up 13.9% from a year earlier at 46.16 trillion yuan ($6.52 trillion) as of end-March, central bank data showed on Friday. ( read original story …)
Tagged By property
China’s PBOC Shanghai branch pledges to ban illicit funding of property purchases
The Shanghai branch of China’s central bank on Thursday said it will strictly ban illicit funding of real estate purchases via property-backed consumer or business loans, while continuing to step up … ( read original…
The Latest: China reports 30 new virus cases, no deaths
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it … ( read original story …)
When Small Businesses Get Loans They… Buy Property?
But much to Beijing’s dismay, instead of paying salaries or shoring up working capital, these enterprises seem to be using the proceeds to buy real estate. The People’s Bank of China on Monday asked ……
China cuts benchmark rate for second time this year as expected
China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. ( read original story…
UPDATE 1-China cuts key rate for second time this year, more easing likely
China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. The … ( read…
China Bourse May See Additional Support On Monday
The China stock market has finished higher in two straight sessions, gathering more than 25 points or 0.9 percent in that span. The Shanghai Composite Index now rests just beneath the 2,840-point … ( read…
China Home-Buying Curbs Look Set to Stay Despite Nascent Rally
China’s residential property market may be on the road to recovery but local authorities appear intent on toeing the party line, sticking to President Xi Jinping’s mantra that homes are for living in, … (…
China’s Home Prices Return to Growth in March as Pandemic Impact Starts to Ease
New home prices in China returned to growth in March after stalling for the first time in five years in February, suggesting some pent-up demand as the impact from the coronavirus outbreak on the ……
China’s March home prices up 0.1% m/m after stalling in Feb
New home prices in China returned to growth in March after stalling in February, according to Reuters calculation, in a hopeful sign of a pick-up in the property market after the coronavirus health … (…
US ambassador: China not blocking medical supply exports
The U.S. ambassador to China said Wednesday that he doesn’t believe Beijing is deliberately blocking exports of masks and other medical supplies to fight the coronavirus, and that the shipment of … ( read original…
China’s new role as guardian of intellectual property
The country now files more international patents than the United States, meaning it has even greater incentive to protect innovation The biggest copyright game on the planet right now is the race to … (…
China Probes Outspoken Property Tycoon After Covid-19 Criticism
Chinese authorities have placed outspoken property tycoon Ren Zhiqiang under investigation as it continues to grapple with the political fallout of the coronavirus pandemic. ( read original story …)
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