China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year, ramping up support for an economy racked by surging Covid cases and a continued property ... ( read original story ...)
Louis Vuitton picks Shanghai for first furniture and homewares store
Louis Vuitton on Friday announced plans to open a dedicated furniture and homewares store in Shanghai, a world first for the French luxury brand as it aims to expand further into lifestyle offerings ... ( read original story ...)
Exclusive: China central bank to offer cheap loans to support developers’ bonds-sources
China's central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support yet ... ( read original story ...)
Asia Stocks Fall, Led by China; Treasuries Rally: Markets Wrap
A gauge of Asian equities fell amid a subdued tone in markets on Friday after Thanksgiving in the US. Treasuries rose as trading resumed after the holiday. Most Read from BloombergBinance’s Zhao Flags ... ( read original story ...)
China stocks rise on property boost; Hong Kong slips as COVID weighs
China stocks rose on Friday, boosted by property developers after the country's latest measures to support the beleaguered sector, while Hong Kong shares were dragged down by tech firms as China ... ( read original story ...)
Chinese lenders to pump $162bn of credit into property developers
research director of E-house China Research and Development Institute in Shanghai. Yan said the rare disclosure of the loan details by Chinese commercial banks indicated authorities want to shore up ... ( read original story ...)
Postal Savings Bank of China to provide $39 billion of property sector financing
Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song/File Photo ... ( read original story ...)