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Economy Property

Evergrande Plans to Acquire Full Control of Swedish Clean Car Maker NEVS

Chinese real estate giant Evergrande plans to acquire full control of a leading new energy vehicle (NEV) maker in Sweden.

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Property

Over Thirty Local Governments in China Provide Home Subsidies of up to 8 Million Yuan

At least 30 local governments around China have launched home purchase subsidy policies, as authorities seek to provide policy support to markets in the wake of COVID-19.

Categories
Property

Average Rent in Beijing Was USD$650 a Month in May

Home rental levels in Beijing and Shanghai posted slight declines in May as the Chinese economy continued to feel the impacts of the COVID-19 pandemic.

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Economy Property

Beijing and Shanghai Score Lower on Residential Property Satisfaction Survey of 206 Chinese Cities

A survey of residential property satisfaction levels in over 200 Chinese cities has found that first-tier urban centres perform less impressively than their smaller peers.

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Economy Property

China’s National Home Seeker Index Rises 2.1% in May, New and Pre-owned Housing Prices Edge Lower

A key index for Chinese home purchases saw a sizeable on-month rise in the month of May, as China’s economy makes a gradual recovery from the initial impacts of its COVID-19 lockdown.

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Banking Fintech Property

CBIRC’s New Online Lending Rules Ban Speculation on Property and Stocks, Limit Consumer Loans

China’s banking regulator has issued the draft version of new online lending rules that seek to contain risk across a broad range of fronts.

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Property

National Land Transactions in April Double Compared to Previous Month, First-tier Cities Leap 258% YoY

Land transactions in China posted a sizeable on-month leap in the month of April as the roll-back of COVID-19 lockdowns helped the national economy come back to life.

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Economy Property

Infrastructure REIT Trials Hailed as Milestone Reform of Chinese Property Finance

Chinese authorities have just unveiled a trial policy for publicly offered infrastructure real estate investment trusts (REIT’s) that observers say marks an “historic advance” for China’s real estate and finance industries.

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Economy Property

Shenzhen Takes Housing off Market as Advertised Prices Exceed $28,000 per Square Metre

The southern tech hub of Shenzhen has forcibly removed chunks of housing from the market following concerns that real estate companies are inflating prices on Internet sales platforms to untenable levels.

Categories
Economy Property

Shenzhen Housing Authority Addresses Concerns over Speculative Investment by New Migrants

The housing authority for the southern Chinese tech hub of Shenzhen has addressed concerns over speculative property investment by the city’s newcomers.