China’s central bank will offer cheap loans to financial companies to buy bonds issued by property developers, the strongest policy support yet for the crisis-hit sector, Reuters reported. China has …
Tagged By property
Real estate firm Evergrande sells land for USD 1 billion as debt crisis looms across China
The price of new homes contracted 1.6 per cent year-on-year, their sharpest decline since August 2015, analysis of figures from Beijing’s National Bureau of Statistics (NBS) showed.
Debt-hit Developer China Evergrande Sells Land For $1 Bn
Embattled property giant China Evergrande has sold land earlier earmarked for its headquarters in the southern tech hub Shenzhen for $1 billion, according to an official document, as it fights for …
China property: will mortgage rates at 13-year low help Beijing attract buyers back to stagnant market?
Mortgage rates for first homes in 100 cities have fallen to 4.09 per cent from a peak of 5.74 per cent in September 2021, according to data compiled by Beike Research Institute Backed by Beijing’s…
China banks pledge $162 billion in credit to developers, shares rally
HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease a stifling …
Big question mark on whether China’s 16-point property rescue plan will create demand: Goldman Sachs
Hui Shan of the investment bank discusses the challenges that China’s zero-Covid policy poses to the economy, particularly its property sector.
Cover Story: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough? (Part 1)
China is poised to roll out more policies to assist developers in an increasingly desperate attempt to arrest a protracted downturn of the multi-trillion-dollar property sector, a key pillar of the …
Country Garden: survivor of the China property bloodbath
On the north-west edge of Shanghai, over one hundred salespeople in black suits gathered around a replica of a Country Garden residential development as an enthusiastic instructor offered guidance on …
China’s state banks seek to boost property sector with $30bn in credit lines
China’s state-owned banks have launched a concerted effort to strengthen the finances of the country’s struggling property developers, with more than Rmb220bn ($30.7bn) being announced on Wednesday in …
China backs 2 stronger property companies with $16.8bn credit line
China’s state-owned Bank of Communications has agreed to provide a Rmb120bn ($16.8bn) credit line to Chinese developer Vanke and Midea Real Estate, in a clear sign of greater government support for …
IMF urges China to boost COVID vaccinations, restore property sector confidence
The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector to restore confidence and reduce risks from a …
IMF Says China Needs to Adjust Covid Policy, Support Property
While China weathered the initial impact of the pandemic well, growth has since slowed and remains under pressure because of Covid, the property sector and weakening global demand, the IMF said. It …
China’s Covid Policy Will Hinder Property Recovery, Goldman Says
China’s zero tolerance approach to combating Covid infections will curb the benefits expected from recent measures to support a struggling property market, according to Goldman Sachs Group Inc.