Hong Kong Chief Executive John Lee Ka-chiu delivered his third policy address on October 16. As expected, he opened with an iteration of Beijing’s expectations of Hong Kong and the city’s institutional strengths under “one country, two systems”, plus the completion of its constitutional duty to enact national security legislation. Though economic competitiveness was not…
(Bloomberg) — China’s pledge to nearly double the loan quota for unfinished residential projects to 4 trillion yuan ($562 billion) fell short of market expectations, causing property shares to retreat as investors looked for stronger policies. Most Read from Bloomberg The government set the new year-end target for loans to so-called “white-list” property projects after…
(Bloomberg) — Stocks in Asia declined, while Chinese stocks fluctuated ahead of a press briefing on Thursday likely to detail measures of support for the nation’s beleaguered property sector. Most Read from Bloomberg MSCI’s Asia Pacific Index – a gauge for benchmarks in the region – fell for a third session, with equities in Sydney,…
Iron ore futures dropped after China stopped short of unveiling fresh fiscal stimulus to shore up the economy. At a closely watched briefing on Saturday, the finance ministry did pledge more help for the crisis-wracked property sector — a keystone of commodities demand in China — and heavily indebted local authorities, as well as hinting…
(Bloomberg) — China promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy, as authorities seek to put a floor under the country’s growth slowdown. Most Read from Bloomberg Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo’an…
By Samuel Shen, Ankur Banerjee and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the world’s second-biggest stock market. Saturday’s news conference by Finance Minister Lan Foan reiterated Beijing’s…
BEIJING (Reuters) -China’s home sales rose during the National Day holiday after a string of property stimulus measures to boost the country’s beleaguered real estate market since late September, state media said on Saturday. Across the world’s second-largest economy, policies including reductions in down-payment ratios and mortgage rates have been introduced this year to support…
By Xie Yu and Summer Zhen HONG KONG (Reuters) – Some Chinese and global institutional investors are revisiting Chinese property bonds, betting on an improvement in outlook as the government accelerates efforts to boost economic growth and revive a property sector in the throes of a debt crisis. Investors began returning after the announcement on…
Chinese property stocks climbed 7% on Monday three major cities eased homebuying rules. The surge comes amid an economic-stimulus blitz that started last week. China’s property sector has struggled amid falling home prices, vacant supply, and debt. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download…
Developers’ stocks are among the big winners this week after China unveiled a raft of measures to support the property sector and other parts of the economy (GREG BAKER) Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world’s number…