The People’s Bank of China's (PBoC) former director Sheng Songchen said on Saturday at a forum in Shanghai that the property downturn in China may continue for two more years before gaining stability, ... ( read original story ...)
Chinese stocks’ darkest days may be over as earnings rebound, property recovery seen lifting gloom in 2024 – UBS
Swiss bank UBS is predicting the worst may be over for Chinese stocks after three straight years of losses that wiped out US$1.4 trillion, as it bets on a corporate earnings recovery and government ... ( read original story ...)
Police detain executive at China Evergrande’s EV unit. Property sector shows fresh signs of distress
A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of trouble for the world's most heavily indebted property developer. China Evergrande New ... ( read original story ...)
China’s retail property markets to benefit from consumption recovery as Beijing tops fourth quarter performance
Beijing's retail property market saw a drop in the average vacancy rate in the last quarter of 2023, while rental rates increased Higher demand in Shanghai's retail property market was offset by the ... ( read original story ...)
PBOC may increase size of property funding tool
China's central bank is likely to further expand the size of a targeted funding tool — pledged supplementary lending — to proactively back the struggling property sector, experts said after a PSL ... ( read original story ...)
China Is Trying to Fix Its Property Market. The Outlook Isn’t Bright.
New home prices in China’s 70 big cities fell for a sixth month and values in the secondary market declined the most in nine years. Policy makers are trying out a wide range of measures to stabilize ... ( read original story ...)
China property: ordinary buyers eye foreclosed homes at heavy discounts as investors retreat from market
A growing number of ordinary homebuyers looking to occupy their house rather than invest are looking at properties that have been repossessed by banks as a supply surge brings prices even lower. ( read original story ...)