China’s central bank allowed its currency to drop by 1.86 percent this morning in the biggest devaluation of the country’s currency in more than a decade. And the monetary maneuver may have a major impact on global real estate markets.
PBOC Cuts Interest Rates to Spark Sagging Real Estate Sector
In a surprise move late on Friday, China’s central bank cut interest rates for the first time in more than two years, and the move appears largely aimed at spurring real estate sales.
The People’s Bank of China’s (PBOC) announcement… Read More>>
China to Cut Bank Reserve Requirements to Spur Lending
In the latest sign that China’s government is moving its regulatory foot from brakes to gas, the State Council announced on Friday that bank reserve requirements would be reduced to “an appropriate level.”
According to a story in the Wall… Read More>>
China’s Central Bank Tries to Spur Mortgage Lending
After months of trying to cool down the housing market, China’s government has begun to take steps to revive flagging home sales that have begun to threaten overall economic growth.
On Monday the People’s Bank of China instructed the nation’s… Read More>>
China’s Lenders Scaling Back Loans to Real Estate Industry
The cutback in credit to China’s property sector was spelled out by the country’s central bank on Friday, when new figures revealed that growth in loans dropped 1.57 percent in the first quarter of this year.
According to a statement… Read More>>
Warburg Pincus Dumps Stake in Greentown China – and more of Today’s China Real Estate Links | November 9, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
Global private equity firm Warburg Pincus has ended its six-year relationship with Greentown China… Read More>>
China well on way to more balanced economy: analysts – and more of today’s China Real Estate Links | July 24, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
China’s economic growth is expected to rebound in the second half of… Read More>>
Mainland Developers Challenging HK Cartel on Their Home Turf – and more of today’s China Real Estate Links | July 20, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
The likes of Sino Land Co. Ltd., Henderson Land Development Co. Ltd…. Read More>>
China Lowers Bank Reserve Requirements as Real Estate Investment Plunges
In the face of increasingly gloomy economic data, China’s central bank announced on Saturday that it would be lowering bank reserve ratio requirements by 0.5 basis points effective May 18th. The move is aimed at increasing the available credit supply… Read More>>
China to widen daily yuan band vs. dollar to 1% – and more of today’s China Real Estate Links | April 16, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
China’s central bank will expand the daily yuan trading band against… Read More>>