China home prices and sales dropped further in October, according to private data, while Shanghai developer CIFI has suspended payment on offshore debt. Analysts say Covid policies are making the crisis worse.

The debt-ridden developer said it hopes to extend its repayment deadline after "experiencing significant declines in its sales and operations"

China will make $27.6 billion available in special loans to ensure the delivery of stalled housing projects, central bank governor Yi Gang said

New home prices fell in China for the second straight month in September, with falls in 54 cities, official statistics showed on Monday

"Our view is that China is still going to provide a bit of stability to global economic growth over the next year," Chief Executive of BHP Group Mike Henry said

Chinese officials plan to ease share financing rules for some real estate-linked firms, but analysts say it will take at least a year for the property sector to emerge from mountains of debt

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.