Beijing wants its banks to “whitelist" selected real estate firms to help ease the sector's liquidity squeeze and encourage home purchases
Foreign investment into China fell 19.9% in the the first two months of 2024 from the amount in January-February last year to 215 billion yuan ($30 billion), the Commerce ministry said on Friday
British insurance giant and asset manager has put off its plan to seek obtain a business licence and halved its staff in China, sources say
Truong My Lan stands accused of fraud worth $20 billion, and her trial is part of a "blazing furnace" anti-bribery campaign by the leader of the ruling Communist Party
Investors are pouring their cash into safe financial products amid a continuing crisis in the country’s real estate sector
Hengda Real Estate said a CSRC probe found that it inflated revenues by $29.7 billion – half of the total – in 2019 and by $48.6bn in 2020
Official data on Monday showed property investment in China fell 9% year-on-year in the first two months of 2024, compared with a 24% fall in December 2023
Industrial output rose by 7% and retail sales were by 5.5% in the first two months, but analysts say the latest data was buoyed by the Lunar New Year break and structural problems may continue to limit growth
Shares of China's no-2 developer bounced after it said the impact of a downgrade on its access to funding was "controllable", but doubts remain on its survival
China's housing minister has reportedly warned that developers who "harm the interests of the masses" will be punished by not getting a bailout, while some state-backed firms are getting top-level backing
The liquidation of Evergrande is expected to take over a decade, and with many other developers in default, analysts expect the crisis to weigh on growth for a long time
Analysts say there are contradictions and gaps in government plan to boost consumption while curbing debt and overcapacity that undermine confidence in the Beijing's ability to keep growth around 5%