TIANFENG SECURITIES
China lays out 'historic' plans to prop up its realty market
Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and old apartments, to slow down falling prices and to reduce a growing stock of unsold homes. Since the property market began its steep downturn in 2021, a string of developers have defaulted, leaving scores of idle construction sites behind, and sapping confidence in what had been the preferred savings instrument for the Chinese population.
China unveils steps to stabilise crisis-hit property sector
China announced significant measures to stabilize the struggling property sector. The measures included allowing local governments to purchase apartments, easing mortgage rules, and committing to finishing incomplete homes. These efforts aim to address declining demand, falling prices, and a surplus of unsold properties, with the hope of reviving a sector that once contributed significantly to the economy.
Xi Jinping's call to win tech race points to new wave of Chinese state-led spending
Achieving self-reliance in technology featured prominently in Xi's full work report to kick off the once-every-five-years Communist Party Congress, with four mentions versus none in 2017. The term "technology" was referred to 40 times, up from 17 times in the report from the 2017 congress.
China weighs merging its biggest brokers to take on Wall Street
China’s 131 brokers have assets that are equal to what Goldman Sachs sits on by itself.
Hong Kong sees worst IPO returns in a decade
A boom in technology listings has propelled local deal value to $35.7 billion.
$600-billion reason why China crash might just worsen
The fall, which has seen the benchmark Shanghai Composite index drop to its lowest level in almost four years this week
