Shanghai-based developer posted a loss of 22.7 billion yuan (US$3.2 billion) for the six months to June, compared with 12 billion yuan a year earlier. The company also replaced its outgoing chairman ... ( read original story ...)
Luxury properties defy China’s slumping home sales as big-city buyers splash out
China’s premium property market is in the midst of a recovery despite the gloomy mass market, as two luxury projects in Shanghai sold out soon after they were launched over the weekend. A batch of 110 ... ( read original story ...)
China’s home-price slump deepens to new 9-year low despite stimulus
China's new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore confidence in the struggling property sector. ( read original story ...)
A US$1 trillion property bailout is the last thing China’s economy needs
Stimulus right after a deflated bubble risks a debt mire. Better to invest in China’s green tech and harness global talent to ensure prosperity. ( read original story ...)
Economic Watch: Shanghai land auction sets new national record
Shanghai a metropolis no stranger to eye-catching land deals has witnessed one of its most coveted plots in Xuhui District setting a new record pric ... ( read original story ...)
Exclusive: China tells some brokerages to conduct compliance checks on bond trading, sources say
China's securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein in frenzied buying of ... ( read original story ...)
China property market sees slowing downward trend
China’s property market continued to decline in the first half of 2024, but is showing positive signs with the downward trend slowing in the second quarter, as government stimulus measures appear to ... ( read original story ...)