Starting tomorrow, Shanghai residents with local household registration, or "hukou," as well as non-locals who have paid personal income tax or contributed to social security for at least one year, can purchase an unlimited number of homes outside the Outer Ring Road, according to a notice issued today by the municipal housing authority. ( read ...
China Steps Up Property Market Support With Shanghai Easing
Eligible residents, including those from outside Shanghai, can now buy an unlimited number of homes in the outer suburbs, according to a statement Monday. Non-residents who have paid pensions for ... ( read original story ...)
Shanghai relaxes purchase, lending to boost property sector
Those who buy new green housing will be eligible for up to 15 percent more housing provident fund loans. For first home purchases, the ceiling is raised to 1.84 million yuan (about 258,600 U.S. ( read original story ...)
Shanghai stock benchmark hits decade high, HK nears 4-year peak
China’s blue-chip CSI300 index added 1.4%, surpassing the intraday high made last October to reach a four-year peak. Turnover on the Shanghai and Shenzhen exchanges surpassed 2 trillion yuan for a ninth consecutive day, extending the longest such streak on record. ( read original story ...)
China’s triple stock markets are too much of a good thing
Three’s a crowd — at least, it should be when it comes to stock markets in the same country doing the same thing. Fragmentation divides investor attention and liquidity. And when new entrants steal ... ( read original story ...)
Shanghai relaxes home-buying rules as China’s property market struggles
Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing’s lead to rejuvenate the nation’s sluggish property market. ( read original story ...)
Asia stocks soar amid growing US rate cut bets, China tech rally
S&P 500 Futures fell 0.1% in Asian trade, steadying after the S&P 500 surged 1.5% on Friday. Wall Street’s rally was sparked chiefly by Fed Chair Jerome Powell signaling more openness to cut interest ... ( read original story ...)