Both China Vanke and Poly Developments & Holdings advanced 10% in Shenzhen and Shanghai, respectively. In Hong Kong, Sino-Ocean Group surged 21% and Shimao Group jumped 33%. Sunac China and Longfor ... ( read original story ...)
Alila Shanghai Opens, Marking Greater China’s first Urban Alila Resort-style hotel
Hyatt Hotels Corporation has announced that Alila Shanghai has opened its doors to welcome guests to a revitalizing urban retreat, alongside vibrant immersion in the lively Jing’an area and the ... ( read original story ...)
China announces significant support to boost property market
The People’s Bank of China will cut outstanding mortgage rates for individual borrowers by an average of 0.5 percentage point, Governor Pan Gongsheng said at a press conference on Tuesday. The minimum ... ( read original story ...)
Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall
China’s economic slowdown means people are spending their more limited funds on so-called “pingti” products, high-quality replicas of branded goods known in English as dupes. ( read original story ...)
Hong Kong, Shanghai Stocks Close More Than 4% Higher
Shares in Hong Kong and Shanghai soared more than four percent on Tuesday after China unveiled a slew of measures aimed at kickstarting the struggling economy. ( read original story ...)
Stock market today: Wall Street ticks quietly higher, Chinese markets soar on new economic measures
Wall Street was barely higher in early trading on a mostly quiet Tuesday as markets adjust to the reality that inflation is no longer the dominant theme of the U.S. economy. Futures for the S&P 500 and the Dow Jones industrials each rose about 0. ( read original story ...)
Hong Kong, Shanghai lead markets rally after China stimulus
Hong Kong and Shanghai stocks led gains across Asia and Europe on Tuesday after China unveiled fresh stimulus measures as the country's leaders struggle to kickstart growth in the world's number two ... ( read original story ...)