Policies to stabilize real estate financing
2 years ago

Policies to stabilize real estate financing

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. China's latest policies will pump more liquidity into the economy to boost growth, improve real estate financing, stabilize market expectations and help shore up economic recovery in the coming months, industry experts said. Other measures include the central bank's move on Friday to cut the reserve requirement ratio for financial institutions by 0.25 percentage points, and 16 supportive measures released last week to ensure the steady development of the real estate sector. According to a circular jointly released by the PBOC and the China Banking and Insurance Regulatory Commission, the country supports development and policy banks offering special loans aimed at ensuring delivery of presold homes, and also encourages financial institutions to provide ancillary financing for housing projects backed by the special loans. It will also have positive effects on real estate related industries, thus better stabilizing economic growth and reducing systemic risk," said Lou Feipeng, senior economist at Postal Savings Bank of China.

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History of this topic

China Property Flare-Ups Resurface as Crisis Enters Fifth Year
2 days, 16 hours ago

China Property Flare-Ups Resurface as Crisis Enters Fifth Year

Live Mint  

One of China’s leading developers is now on authorities’ radar for default risk. As China’s property debt crisis enters its fifth year, there’s little indication that distressed developers are finding it easier to repay debt as a slump in home sales continues. “Against this backdrop, we can’t rule out the possibility of some more defaults next year, albeit the overall …

'White list' project loans total 3.6 trillion
1 week, 3 days ago

'White list' project loans total 3.6 trillion

China Daily  

A building under construction in Shanghai. CHINA DAILY Approved loans for national "white-list" projects amounted to 3.6 trillion yuan by the end of November, said Dong Jianguo, vice-minister of housing and urban-rural development, on Saturday. This year, the Ministry of Housing and Urban-Rural Development, in collaboration with the National Financial Regulatory Administration, established a comprehensive coordination framework for real estate …

Targeted incremental policies boosting growth
2 weeks, 5 days ago

Targeted incremental policies boosting growth

China Daily  

A building under construction in Shanghai. CHINA DAILY After a strong performance in the first quarter, the Chinese economy faced mounting pressures in the second and third quarters due to real estate market changes and weakened domestic demand. From January to October, investment in infrastructure increased by 4.3 percent year-on-year, investment in manufacturing surged by 9.3 percent, and investment in …

Targeted incremental policies boosting growth
2 weeks, 5 days ago

Targeted incremental policies boosting growth

China Daily  

A building under construction in Shanghai. CHINA DAILY After a strong performance in the first quarter, the Chinese economy faced mounting pressures in the second and third quarters due to real estate market changes and weakened domestic demand. From January to October, investment in infrastructure increased by 4.3 percent year-on-year, investment in manufacturing surged by 9.3 percent, and investment in …

China Residential Property Sales Rebound as Stimulus Boosts Buyer Morale
1 month, 3 weeks ago

China Residential Property Sales Rebound as Stimulus Boosts Buyer Morale

Live Mint  

China's residential property sales rose in October, marking the first on-year increase since 2024. The value of new-home sales increased by 7.1%, reversing a 37.7% slump in September. The improvement was driven by stimulus measures that eased borrowing costs and relaxed buying restrictions in major cities. However, analysts remain concerned about the sector's decline and the need for further policy …

China unveils new measures to stabilize housing market
2 months ago

China unveils new measures to stabilize housing market

China Daily  

A property project under construction in Beijing. BEIJING -- Chinese officials announced new measures on Thursday to cement signs of stabilization in the property sector, after a bundle of pro-housing policies rolled out last month brought about "positive changes in the market." Under the "white list" mechanism launched in January, local authorities are recommending that financial institutions provide financial support …

China Needs Innovative Solutions to Alleviate Property Market Stalemate
2 months, 1 week ago

China Needs Innovative Solutions to Alleviate Property Market Stalemate

China Daily  

China is considering establishing a special fund to alleviate property market issues and stabilize the ailing real estate market. The fund will be financed by central government funding and will be used to acquire idle housing inventory, alleviating the obstacle faced in housing acquisition as some local governments are heavily indebted. The most prominent risk to be resolved would be …

China unveils raft of measures to stabilize property market
2 months, 3 weeks ago

China unveils raft of measures to stabilize property market

China Daily  

Xinhua | Updated: 2024-09-30 00:56 A clerk counts cash at a bank in Haian, East China's Jiangsu province, on June 24, 2020. BEIJING -- The People's Bank of China and the National Financial Regulatory Administration rolled out a wave of policies on Sunday to stabilize the real estate market. The pricing mechanism for interest rates of individuals' commercial housing mortgages …

Financial regulators formulate plans for high-risk regions
3 months ago

Financial regulators formulate plans for high-risk regions

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. China's financial regulators have formulated tailored resolution plans for regions with high-risk financial institutions, and are implementing these measures in a prudent manner, said Li Yunze, head of the National Financial Regulatory Administration, on Tuesday. At the same time, regulators are guiding banks and insurers to actively participate …

Experts see real estate stability
4 months ago

Experts see real estate stability

China Daily  

A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China's real estate industry is expected to stabilize gradually amid stronger policy support for reducing inventories, improving new supplies and easing liquidity stress of developers, as the country accelerates the establishment of a new development model for long-term high-quality development of the sector, experts said. …

Better financial regulatory system urged
4 months, 1 week ago

Better financial regulatory system urged

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Their comments came after Wang Jiang, executive deputy director of the office of the Central Financial Commission, said that deepening financial reform requires strengthening risk prevention, intensifying supervision and promoting high-quality development. Liu Qiao, dean of Peking University's Guanghua School of Management, said: "The primary objective of …

Better financial regulatory system urged
4 months, 1 week ago

Better financial regulatory system urged

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Their comments came after Wang Jiang, executive deputy director of the office of the Central Financial Commission, said that deepening financial reform requires strengthening risk prevention, intensifying supervision and promoting high-quality development. Liu Qiao, dean of Peking University's Guanghua School of Management, said: "The primary objective of …

Reform to boost realty sector's development
4 months, 2 weeks ago

Reform to boost realty sector's development

China Daily  

LI MIN/CHINA DAILY The "Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization", issued by the third plenary session of the 20th Central Committee of the Communist Party of China on July 18, has charted the future direction of the real estate industry. For banks, the realty sector's defaults have led to bad debts, and the decline in the …

Reform to boost realty sector's development
4 months, 2 weeks ago

Reform to boost realty sector's development

China Daily  

LI MIN/CHINA DAILY The "Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization", issued by the third plenary session of the 20th Central Committee of the Communist Party of China on July 18, has charted the future direction of the real estate industry. For banks, the realty sector's defaults have led to bad debts, and the decline in the …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. On the property front, the resolution said China will …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

A property construction site in Yantai, Shandong province. On the property front, the resolution said China will move faster to establish a housing system that supports both housing rentals and purchases and foster a new development model for the real estate sector. Notably, the resolution said municipal governments will be given greater decision-making powers to regulate the real estate market, …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

China Daily| Updated :2024-08-05 An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. On the property front, the …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

A property construction site in Yantai, Shandong province. On the property front, the resolution said China will move faster to establish a housing system that supports both housing rentals and purchases and foster a new development model for the real estate sector. Notably, the resolution said municipal governments will be given greater decision-making powers to regulate the real estate market, …

China to foster stable development of the real estate market
5 months ago

China to foster stable development of the real estate market

China Daily  

China will foster the stable and sound development of the real estate market while accelerating the growth of emerging industries and expanding domestic demand. China will make combined efforts of digesting the existing stock and optimizing the increment in the real estate sector, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

Securities refinancing halted to maintain stock market stability
5 months, 1 week ago

Securities refinancing halted to maintain stock market stability

China Daily  

The China Securities Regulatory Commission has announced to halt securities refinancing, starting from Thursday, as the latest measure to maintain stock market stability. In essence, securities refinancing enables listed companies' major shareholders to lend shares they own to investors for short-selling. With the benchmark Shanghai Composite Index dropping below the psychological mark of 3,000 points late last month, there have …

Expert sees 'tough' capital market reform
5 months, 3 weeks ago

Expert sees 'tough' capital market reform

China Daily  

The next wave of China's capital market reform could see "harsh punishments and tough laws" to rein in illegal activities as property giant Evergrande's recent meltdown due to debt troubles underscored the gravity of securities malpractices, said a leading financial expert and senior economist. Reforms need to be deepened urgently to preempt rule violations and further develop an investor-oriented capital …

Realty eyes stability and recovery
6 months, 3 weeks ago

Realty eyes stability and recovery

China Daily  

A property construction site in Yantai, Shandong province. TANG KE/FOR CHINA DAILY The recent wave of supportive policies for the beleaguered property industry will guide the real estate market toward stability and recovery, experts said. "We believe the worst is behind the property market," said Chen Sheng, president of the China Real Estate Data Academy. "The recent real estate policies …

Realty eyes stability and recovery
6 months, 3 weeks ago

Realty eyes stability and recovery

China Daily  

A property construction site in Yantai, Shandong province. TANG KE/FOR CHINA DAILY The recent wave of supportive policies for the beleaguered property industry will guide the real estate market toward stability and recovery, experts said. "We believe the worst is behind the property market," said Chen Sheng, president of the China Real Estate Data Academy. "The recent real estate policies …

Key move at critical moment for property market
7 months ago

Key move at critical moment for property market

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. On Friday, the People's Bank of China issued several important new real estate policies, including reducing the down payment ratio for home purchases to 15 percent, lowering the interest rates for provident fund loans and mortgages, and providing loans to local governments to buy unsold apartments for …

Key move at critical moment for property market
7 months ago

Key move at critical moment for property market

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. On Friday, the People's Bank of China issued several important new real estate policies, including reducing the down payment ratio for home purchases to 15 percent, lowering the interest rates for provident fund loans and mortgages, and providing loans to local governments to buy unsold apartments for …

China unveils 'historic' steps to stabilise crisis-hit real estate sector
7 months, 1 week ago

China unveils 'historic' steps to stabilise crisis-hit real estate sector

Hindustan Times  

China on Friday announced "historic" steps to stabilise the crisis-hit property sector, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. China Real Estate Newspaper, a publication managed by the housing ministry, said the "heavyweight policies" marked "a significant historic moment" for the property sector. After waves of support measures over the past …

China rolls out new measures to fix its property crisis, spur growth
7 months, 1 week ago

China rolls out new measures to fix its property crisis, spur growth

Associated Press  

China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year. He Lifeng, a vice premier, said officials would roll out policies to suit each city and “fight the tough battle of dealing with the risk of unfinished commercial housing.” …

Measures released to digest housing inventories
7 months, 1 week ago

Measures released to digest housing inventories

China Daily  

Potential homebuyers ask queries on housing projects at a real estate agency in Beijing in March. It is required to abide by the spirit of the Political Bureau of the Communist Party of China Central Committee meeting on April 30, fully implement the central government's work deployment, respond to the latest supply and demand conditions as well as people's expectation …

Stimulus key to realty stability
7 months, 1 week ago

Stimulus key to realty stability

China Daily  

Potential homebuyers ask queries on housing projects at a real estate agency in Beijing in March. The latest optimization measures adopted by China's major cities to absorb housing inventory have borne fruit, with buoyant market activity being witnessed, based on which experts said that they expect more policy fine-tuning to be unveiled to unleash even more potential demand, stabilize market …

Stimulus key to realty stability
7 months, 1 week ago

Stimulus key to realty stability

China Daily  

Potential homebuyers ask queries on housing projects at a real estate agency in Beijing in March. The latest optimization measures adopted by China's major cities to absorb housing inventory have borne fruit, with buoyant market activity being witnessed, based on which experts said that they expect more policy fine-tuning to be unveiled to unleash even more potential demand, stabilize market …

New real-estate development mode key to solving housing market woes
9 months, 1 week ago

New real-estate development mode key to solving housing market woes

China Daily  

A salesman introduces a residential project to potential homebuyers in Taiyuan, Shanxi province. The policies recently announced by the top authorities indicate that the country will strive to seek breakthroughs by stabilizing the market, preventing risks and promoting transformation, while actively building a new mode of real estate development. Although the task of stabilizing the real estate market is still …

More policies set to back property sector
9 months, 1 week ago

More policies set to back property sector

China Daily  

A salesman introduces a residential project to potential homebuyers in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE China is expected to roll out more policies to support the financing of real estate developers while improving the effects of policy implementation, amid increased efforts to improve their liquidity, thereby boosting the healthy development of the real estate industry, experts said on …

Everything China’s doing to rescue its battered stock market
9 months, 3 weeks ago

Everything China’s doing to rescue its battered stock market

Live Mint  

Chinese stocks have struggled for traction since returning from the Lunar New Year break, adding pressure on Beijing to provide more support and restore confidence in an economy grappling with a property slump and stubborn deflation. Regulators Check in With Listed Firms China’s regulatory officials visited listed companies in 20 provinces and municipalities from Jan. 29-Feb. 4, according to a …

Demand recovery to be priority
9 months, 3 weeks ago

Demand recovery to be priority

China Daily  

A view of Beijing's CBD area. To achieve this year's economic growth target — which is expected to be set at about 5 percent — Su said that fiscal and monetary policies may need to be relaxed to boost domestic demand, including boosting the issuance of central government bonds to expand spending in areas like infrastructure. The People's Bank of …

China pledges more help for its ailing property market, as IMF forecasts economy will slow
10 months, 3 weeks ago

China pledges more help for its ailing property market, as IMF forecasts economy will slow

Associated Press  

BANGKOK — Markets in China sank Friday despite a fresh flurry of measures to help prop up the ailing property sector, as the International Monetary Fund forecast that the Chinese economy will continue to slow in coming years. “Financial support for the development of the housing rental market should highlight key points and target shortcomings, mainly in large cities, focusing …

Order to liquidate property giant China Evergrande is just one step in fixing China’s debt crisis
10 months, 3 weeks ago

Order to liquidate property giant China Evergrande is just one step in fixing China’s debt crisis

Associated Press  

BANGKOK — A Hong Kong court’s order to liquidate China Evergrande, the world’s most heavily indebted real estate developer, is only a tentative step toward resolving a debt crisis that is haunting financial markets and dragging on the Chinese economy. The order by the Hong Kong High Court also is not a remedy for the crisis of confidence haunting China’s …

China expands access to loans for property developers, acting to end its prolonged debt crisis
10 months, 4 weeks ago

China expands access to loans for property developers, acting to end its prolonged debt crisis

Associated Press  

BANGKOK — China has rolled out new rules meant to expand access to commercial bank loans for property developers as Beijing doubles down on its effort to end a prolonged crisis in the real estate industry. The policies will allow real estate companies to use bank loans pledged against commercial properties such as offices and shopping malls to repay their …

Double Whammy: China's already beleaguered banks may be pushed to play lifebuoy for realty in rags
1 year ago

Double Whammy: China's already beleaguered banks may be pushed to play lifebuoy for realty in rags

Firstpost  

This risky form of support threatens to worsen an already grim outlook. Financial institutions like Industrial and Commercial Bank of China Ltd. which is already grappling with surging bad loans and historically low net interest margins, may soon be asked to provide unsecured loans to developers, many of whom are either in default or on the verge of collapse, according …

Time for stronger policy as growth room seen
1 year, 2 months ago

Time for stronger policy as growth room seen

China Daily  

CAI MENG/CHINA DAILY As China's Ministry of Finance vowed in late August to continue to increase the issuance of local government special bonds in the latter half of the year, the country's economy was expected to continue to record stable recovery figures in September and October. Having been narrowing in the past three decades, the gap between the two major …

China’s economic growth target of 5% for 2023 at risk due to property crisis
1 year, 2 months ago

China’s economic growth target of 5% for 2023 at risk due to property crisis

Live Mint  

China will just about meet its economic growth target of around 5% for this year, the latest Bloomberg survey shows, although the ongoing property crisis is raising the risk of a miss. “The real estate sector will continue to be under mounting pressure” despite recent government efforts to support property, said analysts at Poseidon Partner, a Hong Kong-based investment firm. …

Property policies set to be optimized in first-tier cities
1 year, 4 months ago

Property policies set to be optimized in first-tier cities

China Daily  

Potential homebuyers check out housing projects at a real estate agency in Beijing, June 24, 2023. Local housing authorities in some first-tier cities, including Beijing, Shenzhen and Guangzhou, will put latest property policies in place, better meet people's basic and upgraded demand for housing, promoting the stable and healthy development of the real estate market. According to the meeting, it …

Six things to watch in China's economy
1 year, 5 months ago

Six things to watch in China's economy

China Daily  

Tourists visit a night market in Liuzhou, South China's Guangxi Zhuang autonomous region, April 29, 2023. Business expectations China's business confidence has largely improved this year. China has carried out a raft of measures to reassure entrepreneurs, including removing more barriers in market access, further reducing taxes and fees to save 1.8 trillion yuan for businesses this year, and boosting …

China extends real estate support policies
1 year, 5 months ago

China extends real estate support policies

China Daily  

Potential homebuyers look at a property model during an expo in Taizhou, Zhejiang province. China has extended two support measures for the real estate industry to support the healthy development of the sector, according to a joint statement by the People's Bank of China — the central bank — and the National Financial Regulatory Administration on Monday. Last November, Chinese …

China's property sales static despite policies to stimulate market: Report
1 year, 10 months ago

China's property sales static despite policies to stimulate market: Report

Hindustan Times  

China's property sales remain static despite China's central bank enacting policies to stimulate the market, New York-based NTD reported. According to China Real Estate Information Corporation, there is a consensus that the real estate sector is on a downward spiral and is truly heading for an era of negative growth. According to statistics from the China Index Academy on January …

Explained: How will China’s property crisis impact its economy?
2 years, 4 months ago

Explained: How will China’s property crisis impact its economy?

Firstpost  

The recent spate of mortgage strikes by homebuyers across China has exposed the risk that has accumulated in the market as it has developed over the past two decades China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-Covid policy and address a growing …

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