Hong Kong's new leader says he has prioritised improving the city's competitiveness and attracting highly skilled workers after the departure of 200,000 expatriates and locals in recent years.

China's slowdown has hit the capacity of provinces to fund intrastructure projects and led many to shed staff, data from provincial governments shows

Real estate groups are delaying debt restructuring moves until after the party summit, hoping the gathering offers clues on how Beijing plans to stabilise the debt-laden sector

Buyers from mainland China bought about a fifth of 425 luxury units costing more than S$5 million ($3.52 million) between January and August this year, estate agents say.

China's central bank published a statement on its website on Thursday allowing local governments to cut mortgage rates for first-time home buyers in some cities.

A huge package of treasury bonds will be issued in the fourth quarter to revive the country's lagging economy, while over $110 billion in support will be targeted at infrastructure projects.

CIFI's shares plunged over 32%. Investors were shaken by the sector crisis reaching CIFI, one analyst said, as it was considered one of China's few resilient private developers.

Evergrande has "introduced" Shenzhen Longgang Ancheng Investment Operation to four developments in Longgang district, to help ensure delivery of homes to buyers

Covid restrictions have disrupted China's supply chains, industrial and services production, domestic sales and exports, the World Bank said

Struggling Beijing developer Sunac is moving to delay repayment for a 4-billion-yuan ($558m) bond for a third time by pushing the deadline back by six months, sources said

The buyers come from a group who have moved into "rotting" apartments out of financial necessity and to pressure developers and local authorities to complete them

The state-owned lender said in a statement late on Friday that it plans to invest in real estate projects and turn them into affordable rental houses.