49 h. ago China’s bull run tests Beijing as it aims to guide US$12 trillion stock market

Stunning gains in Chinese stocks are testing regulators’ ability to manage the ascent, as Beijing seeks to fulfil its long-standing goal of positioning the nation’s US$12 trillion equity market as a steady source of household income that can support consumer spending and economic growth. As the property market remains in the doldrums, eroding the wealth of Chinese investors who are sitting on a record 160 trillion yuan (US$22.5 trillion) in bank savings, the stock market has become a focus of...

Economics

8 d. ago Texas law curbing Chinese property rights takes effect, no relief in sight for months

A Texas law restricting property ownership and leasing by Chinese citizens came into effect this week, thrusting affected residents into legal limbo with no path to relief before November. The law, which restricts real estate purchases by companies, individuals and government entities linked to countries that the federal government deems a threat to the US, took effect on September 1 after a legal challenge failed to block it in time. The legislation identifies China, Iran, North Korea and...

Society

2 w. ago China’s stock boom will not do much to rejuvenate the economy, Nomura says

The ongoing rally in Chinese stocks will do little to boost growth in the mainland’s economy, as equity investments account for a small portion of total household assets, Nomura Holdings said. In a report on Wednesday, Lu Ting, the Japanese brokerage’s chief China economist, said Chinese households parked the majority of their wealth in the struggling property market. Stock holdings accounted for 1.3 per cent of total household assets, while the proportion for properties was 60 per cent, the...

Politics

2 w. ago National security or xenophobia? Texas restricts Chinese owning and renting property

National security or xenophobia? Texas restricts Chinese owning and renting property  BBC

Society

2 w. ago JD’s property arm joins 2 firms in US$1 billion Singapore Reit: sources

The property investment arm of Chinese e-commerce giant JD.com and two other firms plan to launch a Singapore-based real estate investment trust (Reit) with assets potentially valued at more than US$1 billion, said two sources with knowledge of the matter. JD Property, the unlisted infrastructure investment and asset management platform of JD.com, is setting up the Reit with Swiss investment firm Partners Group and EZA Hill Property, which is backed by Asian investment firm Hillhouse, the...

Economics

2 w. ago Evergrande: China’s property giant delisted from Hong Kong stock exchange

Evergrande: China’s property giant delisted from Hong Kong stock exchange  The Guardian

Politics

2 w. ago Chinese Property Stocks Jump on Expectation of More Stimulus

Chinese Property Stocks Jump on Expectation of More Stimulus  Bloomberg.com

Politics

2 w. ago Evergrande: Chinese property giant delisted after spectacular fall

Evergrande: Chinese property giant delisted after spectacular fall  BBC

Politics

2 w. ago Evergrande: Chinese property giant to be delisted after spectacular fall

Evergrande: Chinese property giant to be delisted after spectacular fall  BBC

Politics

2 w. ago Chinese property giant Evergrande to be delisted after spectacular fall

Chinese property giant Evergrande to be delisted after spectacular fall  BBC

Politics

4 w. ago ‘Let the rich spend’: China told to ease property curbs to spur consumption

A high-level Chinese official has called for easing property and other market restrictions to boost spending among the wealthy, as Beijing steps up efforts to stimulate consumption amid deflationary pressures. “Let the rich spend. This is the most direct [approach],” said Yin Yanlin, who was deputy director at the Office of the Central Financial and Economic Affairs Commission, a party organ overseeing economic policy, from 2018 to 2023. Yin, now a senior economic adviser in the Chinese People’s...

Politics