Advertisement
Advertisement
Yuke Xie
Beijing
Yuke obtained her BA and MA in Film and Media Studies from Columbia University in 2019 and 2021. She joined the Post as a business reporter in 2023, following stints at various media outlets including Mergermarket and Süddeutsche Zeitung.
‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.
A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.
Unexpected prime-rate cut by local lenders seen bringing more buyers into market, shoring up prices.
Bond financing in the property sector rose for the second month in October, rising 3.2 per cent from last year to 29 billion yuan, according to the China Index Academy.
Advertisement
While China’s September stimulus blitz has restored US$4 trillion of value to stock markets, the wealth effect in the property sector is less obvious and immediate.
Sales by the nation’s top 100 developers rose in October, the first month of year-on-year increase in 2024.
Gen Z users are in the crosshairs of online scammers who prowl forums and dating sites for prey, according to TransUnion.
Move represents another effort to forge Middle East ties amid frayed China-US relations.
Retailer sees US and Europe as key markets as sales in stores outside mainland China notch 43 per cent growth.
Shanghai, Beijing and Shenzhen are on the way to recording multi-month highs in property transactions.
All 158 units in the project in Dongjiadu, Huangpu district, were sold, fetching the developer US$825.8 million.
‘We believe China remains a key market for international investors due to its size and growth potential,’ CEO says.
Freevoy battery offers 400km of driving range before resorting to the fuel tank, twice the current ‘normal’ capability, CATL says.
‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.
‘China’s financial sector has and will continue to embrace opening up and cooperation,’ said Lu Lei, deputy governor of the PBOC.
CSRC Chairman Wu Qing solicited feedback from financial specialists and media representatives, according to a readout on the watchdog agency’s website.
Waning confidence among China’s middle class consumers could further undermine sales of global luxury brands, analysts say.
Analysts question sustainability of gains given uncertainty surrounding the government’s plans for future stimulus.
Growth in new home transactions during the holiday period was especially pronounced in Beijing, Guangzhou and Shenzhen.
Hui Yin-ching, also known as Xu Yanqing, was designated as the chairperson of the bank’s board and executive director effective October 9, Renaissance said.
Chinese brokerages expand bank-securities transfer window in line with Shanghai Stock Exchange’s extension to streamline post-holiday trading.
Fitch analyst sees more support measures next quarter to ensure Beijing’s latest stimulus bazooka achieves its aims.
Funding for the first such intervention since the 2008 financial crisis would mainly come from new special sovereign bonds, sources say.
Banks’ net interest margins may be reduced by a fifth of a percentage point, according to an estimate by S&P Global Ratings.
Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.
Hong Kong seen as a top financing platform for the mainland’s ‘attracting foreign investment’ and ‘going global’ strategy, an NDRC official says.
Weak consumer demand and unsold inventories are piling on the losses for dealerships across the country, industry association says.
Arc’teryx, Adidas, Ralph Lauren, Sam’s Club and Yum China are all growing their China sales, but for different reasons.
‘Consumers with real spending power still have a strong demand for products that are high-end, experiential and relatively niche,’ analyst says.
Country Garden drops PwC as its auditor, in another setback for the firm that has lost more than 50 clients this year.
