Poly Property’s sales slump as Beijing’s market rescue package produces mixed results
In the first five months of the year, Poly Property sold properties worth about 21 billion yuan, 37 per cent lower than it recorded in the same period of 2023. …
In the first five months of the year, Poly Property sold properties worth about 21 billion yuan, 37 per cent lower than it recorded in the same period of 2023. …
China’s Politburo – a high-level decision-making body of the country’s Communist Party – reviewed a pilot accountability mechanism for financial de-risking on Monday, the latest offensive in Beijing’s campaign to …
Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, a day after the company had …
Chinese Vice-Premier He Lifeng called on local governments to purchase undeveloped land and unsold homes from property developers in a strong signal of Beijing’s determination to rescue the property sector …
A consortium formed by Hong Kong tycoon Li Ka-shing’s infrastructure and energy flagship, CK Infrastructure, property arm, CK Asset Holdings, and international energy utility investment unit, Power Assets Holdings, is …
The erratic performance of Chinese stocks is not giving investors the confidence to commit their funds for the long haul, according to top private bankers at Deutsche Bank and Lombard …
Regarding the adjustment for the banks’ outlook, Fitch said on Tuesday that the current size of China’s banking system is an important factor limiting the amount of support the central …
China’s property developers recorded another set of dismal operating results as new home sales tumbled for a 10th straight month, suggesting it would be premature to expect a turnaround in …
Does anyone really believe that China will hit its growth target for this year of “around 5 per cent”? Even Premier Li Qiang, who announced the ambitious goal on Tuesday …
The Federal Reserve’s ability to tame America’s monetary bubble remains the biggest factor in the global economic outlook. The US central bank made an unexpected dovish turn at the latest …