SHANGHAI (BLOOMBERG) - Chinese President Xi Jinping has unleashed the world's biggest experiment aimed at taming runaway property prices. After Mr Xi used a milestone Communist Party Congress in October last year (2017) to push a housing model that ... ( read original story ...)
BRIEF-Shanghai New Huang Pu Real Estate, Unit To Sell Property Management Firm For 568 Mln Yuan
Jan 25 (Reuters) - Shanghai New Huang Pu Real Estate Co Ltd : * SAYS IT AND UNIT PLAN TO SELL PROPERTY MANAGEMENT FIRM FOR 568 MILLION YUAN ($89.66 million) Source text in Chinese: bit.ly/2n99NFy Further company coverage: ($1 = 6.3350 Chinese yuan renminbi ... ( read original story ...)
Investors put back Chinese property bonds on refinancing fears
HONG KONG/SHANGHAI, Jan 25 (Reuters) - Investors have started exercising put options of onshore property bonds due to concerns about tight industry liquidity and rising interest rates, market observers said, fuelling refinancing pressures for small Chinese ... ( read original story ...)
Shanghai Metro Commuters Struggle with QR Codes, Long Lines Ensue
Over the weekend, Shanghai residents were thrilled to finally be able to use their smartphones as metro tickets after the city's metro operator debuted turnstiles with fancy schmancy QR code technology. However, in its first few days the grand launch of ... ( read original story ...)
China Starts Experiment to Tame Its Wild Property Market
“China’s property market is on the brink of tremendous change,” said ... Banks are offering credit lines to developers for financing rental projects, and the Shanghai Stock Exchange is encouraging the creation of investment products backed by ... ( read original story ...)
China’s $15-trillion shadow banking bares cracks
BEIJING/SHANGHAI — Strains are spreading in China’s $15-trillion shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels. Most affected are some $3.8 trillion of so-called trust ... ( read original story ...)
Chinese smaller companies lead Shanghai benchmark to seventh day of gains
Ping An Insurance led the retreat among big-caps on Wednesday. The stock fell 3 per cent to 76.44 yuan in Shanghai, trimming its gain to 9.2 per cent for the year. China Construction Bank slipped 1.4 per cent to 9.67 yuan after gaining 28 per cent through ... ( read original story ...)