The Shanghai Stock Exchange (SSE) will support the reasonable financing demand as well as merger and acquisition needs raised by property developers of different ownership systems, the exchange said ... ( read original story ...)
Xi’s First Shanghai Visit Since 2020 Showcases Tech, Finance
China has in recent months amped up efforts to support the property sector after a sharp downturn hurt economic growth. “Shanghai is the most-developed and most-open area of China,” said Wang Huiyao, ... ( read original story ...)
China’s property lifeline exposes banks to big losses, job cuts
Lenders may soon be asked for the first time to provide unsecured loans to developers. Read more at straitstimes.com. ( read original story ...)
The human cost of China’s property crisis
While China’s residential property prices were up almost a third in the first quarter of this year compared with a decade ago, according to data compiled by the Bank for International Settlements, ... ( read original story ...)
Chinese property group files $1.38bn lawsuit over contaminated land
Confidence in China’s embattled property sector took another hit this month when a major Shanghai developer revealed it had filed a $1.38bn lawsuit against a steel company accusing it of selling plots ... ( read original story ...)
China property crisis: developers in Shanghai offer sweeteners such as deferred down payments, free parking spaces to boost flagging sales
Developers are offering sweeteners such as delayed down payments, discounts and free parking spaces to home buyers in Shanghai in an attempt to spur demand in the face of slumping sales. ( read original story ...)
No end in sight to China’s property crisis as new home prices post sharpest decline since February 2015
Home prices in major Chinese cities fell for the fourth straight month in October, recording the steepest drop in nearly nine years amid slumping demand. ( read original story ...)