Home sales exceeded 6 trillion yuan last year, one-fifth of total gross domestic product
China seems to be caught in a dilemma - while soaring property prices have left millions of people out in the cold and fueled growing concern over an asset bubble, the property sector remains a key economic driver.
To some extent, China’s economy [...]
Hong Kong will implement four measures to reduce the risk of creating a property bubble, said Hong Kong’s top financial official in his annual budget speech Wednesday.
The measures include increasing the supply of flats, raising stamp duty of luxury flats, ensuring transparency in property transactions and preventing excessive expansion in mortgage lending, said aid John [...]
With Chinese banks’ record new lending in 2009 igniting fears about asset bubbles and bad loan, the banking regulator’s latest rules aim to bring financial risk under control.
The new directives order banks to focus on loan quality control, rather than quantity restriction, and aim to make loans flow to the real economy — rather than [...]
The central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.
Tags: AVIC, CAAM, car-maker, China Auto, policy
Property developers in the country are at the crossroads. While the skyrocketing prices signals improved prospects for companies, the government’s plan to cool down the sector and the absence of foreign buyers indicates that all is not well on the realty front.
Nothing could justify this more than the complete absence of foreign buyers at many [...]
Commercial banks in Beijing are tightening their first apartment loan policy and adopting a stricter qualification check on clients who want to buy a second apartment, insiders said.
An employee of a China Construction Bank branch, who declined to be named, said since November 2009, clients applying for mortgage loans can only enjoy a 10 percent [...]
