Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities’ pledged further help for the economy.
Tagged By property
China’s Property Sector Didn’t Get the Boost Economists Were Hoping For
Those betting that Chinese regulators would give a big boost to the country’s struggling property sector had their hopes dashed on Monday—at least for now. Two powerful regulators announced a series o …
China to Extend Policies to Support Ailing Property Market
China will extend policies to support cash-strapped developers and shore up the ailing real estate sector, including allowing the postponement of loan repayments by a year.
Rio Tinto Says China’s Economy Faces a ‘Big Real Estate Issue’
Miner Rio Tinto Group sees a host of near-term economic challenges in China, including in the country’s real estate industry, but reaffirmed its positive medium- and long-term outlook.
China property developer Kaisa faces Hong Kong lawsuit seeking to wind it up
Chinese property developer Kaisa Group said on Monday a winding-up petition has been filed against it in a Hong Kong court in relation to 170 million yuan ($23.50 million) non-payments on onshore …
Florida pushes back against challenge to law that restricts people from China owning property
The controversial law affects people from what Florida calls “foreign countries of concern” — China, Russia, Iran, North Korea, Cuba, Venezuela and Syria, with part of it specifically focused on …
No job, no marriage, no children: China’s workers and the Curse of 35
China’s post-pandemic economic rebound has hit a wall, and the Curse of 35 has become the talk of the Chinese internet.
China Property Pain Worsens With Failed Auction, Sino-Ocean Rout
“Investors are disappointed with the slow recovery of the housing market,” said Anitza Nip, Union Bancaire Privee’s head of fixed income research for Asia. “The recovery path appears to be even longer …
China GDP: ‘rising uncertainty’ as economic recovery slows amid mounting problems
Waning confidence in China’s economic growth has been spreading, with global investment banks revising down their second quarter sequential growth forecasts ahead of the release of the data later this …
KONE: Beware The China Risk
KONE started 2023 on a positive note, largely due to the resilience of its service business. Despite that, KNYJF stock is rated as a hold. See why here.
China property developers buy less land in H1, June home sales drop 29%- survey
Chinese property developers spent 10% less on land in the first half compared to a year ago as sales stayed flat, private researcher CRIES said, reinforcing the still-low confidence in the real estate …
China Vanke says local property market worse than expected
The chairman of China’s second-largest developer backtracked his neutral assessment from March. Read more at straitstimes.com.
China’s Top Builder Says Home Market Worse Than Expected
China’s second-largest developer by sales said the nation’s home market is currently “worse than expected,” joining a chorus of investors and analysts who have become bearish on the country’s real …
