China’s real estate crisis is rumbling on, depriving the world’s No. 2 economy of one of its biggest growth drivers. A series of policy moves has failed to revive demand as homebuyers remain deterred ... ( read original story ...)
China says local governments must prevent property market volatility
Local governments in China should help balance supply and demand in the real estate market, China's Ministry of Housing and Urban and Rural Development said on its website on Tuesday. All cities ... ( read original story ...)
Amid a property market crisis, China’s commercial real estate has held up
Given the bleak domestic and external backdrop, the strong performance of China's commercial real estate investment market is remarkable It shows that a solid domestic investor base, a sharper ... ( read original story ...)
Chinese investors struggle to hold on to property abroad as soaring rates, weak domestic economy make mortgages unaffordable
Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that ... ( read original story ...)
China cuts mortgage reference rate by most on record to revive property market
SHANGHAI - China cut the benchmark reference rate for mortgages at a monthly fixing on Feb 20 by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property ... ( read original story ...)
China’s Property Stocks Gain as Lending Rate Cut Boosts Sentiment
Chinese property stocks rose a day after a deeper-than-expected cut to a key mortgage reference rate bolstered hopes that authorities are doing more to shore up the ailing sector. ( read original story ...)
HSBC suffers $3bn hit to China operations amid property crisis
HSBC suffered a sharp slide in quarterly profits in the final three months of 2023 as the bank suffered a $3bn (£2.4bn) hit to its China division. The ongoing crisis in the Chinese property market ... ( read original story ...)