For years, China’s property market has been a bubble, fueled by growing middle-class wealth, demand for housing in cities, a preference for investing in property rather than stocks, and easy credit ... ( read original story ...)
China local government steps in to help indebted property vehicles
The western Chinese city of Xi'an is to set up a public-private fund worth up to 5 billion yuan ($686 million) aimed at supporting cash-strapped government-backed financing vehicles, in the latest ... ( read original story ...)
China’s Bank of Communications H1 profit rises 4.5%
China's Bank of Communications Co Ltd (BoCom) on Friday reported a 4.5 per cent rise in first-half net profit. China's sixth-largest commercial bank by assets reported a net profit of 46.04 billion ... ( read original story ...)
A Hokkaido Hot Pot Restaurant Empty in Shanghai, China
This footage was filmed and produced 24 August 2023. A Hokkaido hot pot restaurant is empty when other gourmet restaurants have customers queuing up for consumption on Nanjing Road Pedestrian ... ( read original story ...)
Shanghai Shenhua vs. Chengdu Rongcheng FC
Chengdu Rongcheng FC will make the trip to Shanghai Stadium to lock horns with Shanghai Shenhua in the 24th round of the Super League. ( read original story ...)
Shanghai Composite Index Fell 0.59% on Friday
China’s benchmark Shanghai Composite Index ( 000001.SH) lost 0.59% on Friday, while the Shenzhen Component Index ( 399001.SZ) fell 1.23%. Shanghai’s tech-heavy STAR 50 Index ( 000688.SH) lost 1.7% for ... ( read original story ...)
Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speech
Asian shares are mostly falling, discouraged by a Wall Street slump that followed a blowout profit report from Nvidia and mixed reports on the U.S. economy ... ( read original story ...)