China’s Ministry of Housing and Urban-Rural Development has unveiled plans to simplify the property purchasing process. This development comes shortly after Beijing hinted at a shift away from its crackdown on real estate speculation. The proposed measures include relaxing restrictions on purchasing second homes and reducing down payment ratios for first-time homebuyers, according to the …
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong rose by more than 3%, while China’s …
Country Garden shares experienced a significant decline on Monday, reaching the lowest point in eight months, as concerns over debt resurfaced within the Chinese property sector. The stock market slump was spearheaded by Country Garden, whose Hong Kong-listed shares plummeted nearly 7%, marking their lowest level since November of last year. The property services division …