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 ...)
China slashes mortgage reference rates to revive property market
SHANGHAI/SINGAPORE: China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy. ( read original story ...)
China cuts mortgage reference rate more than expected to revive property market
China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property market. ( read original story ...)