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19.07.26 - 10:30
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Why China must end the lucrative marriage between property and banks (SCMP)
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Capital seeks sanctuary. In China's property sector, however, that quest for safety had inadvertently erected a cage. The recent government takeover of Wuhan-based private lender Zhongbang Bank, expected to see a dilution of its private capital amid serious credit risks, is a calculated regulatory action. It echoes a larger and darker precedent.
A few years ago, another commercial lender, Shengjing Bank, became caught up in the Evergrande debt crisis. There was speculation property developer......
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17.07.26 - 05:30
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Research: JPM Ratings, TPs on HK Developers (Table) (AAStocks)
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Shares | Ratings | Target prices (HK$)CK ASSET(01113.HK) | Overweight | 52HENDERSON LAND(00012.HK) | Neutral | 27NEW WORLD DEV(00017.HK) | Neutral | 6.8SINO LAND(00083.HK) | Overweight | 12.5SHK PPT(00016.HK) | Overweight | 140HANG LUNG PPT(00101.HK) | Overweight | 12SWIREPROPERTIES(01972.HK) | Overweight | 30CKH HOLDINGS(00001.......
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15.07.26 - 12:06
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Mainland China′s luxury housing boom is keeping wealthy buyers at home, report says (SCMP)
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China's booming luxury housing market is keeping more wealth onshore, a trend that analysts say may pose a growing challenge to Hong Kong's still resilient high-end residential market.
A report by Gavekal Dragonomics analyst Zhang Xiaoxi said Beijing's tightening crackdown on illicit capital outflows, including through Hong Kong's “grey market”, was making domestic luxury property an increasingly attractive store of value for wealthy mainland Chinese.
While China's broader housing market......
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15.07.26 - 05:18
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China′s first-tier home prices extend 4-month rebound amid market stabilisation (SCMP)
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New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, extending a four-month rebound and signalling a gradual recovery in market sentiment as housing stabilisation measures gain traction.
Compared with May, home prices edged up 0.3 per cent in Shanghai and Shenzhen and by 0.2 per cent in Guangzhou, according to data released by the National Bureau of Statistics on Wednesday. However, they fell 0.3 per cent in Beijing.
Among 70 large and medium-sized......
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14.07.26 - 01:30
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Hong Kong banks sweeten mortgage rebates as competition heats up amid property rebound (SCMP)
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Hong Kong banks are raising mortgage cash rebates to their highest levels in more than two years as they compete for a growing pool of homebuyers, betting generous incentives will help them win customers even as uncertainty over US interest rate hikes lingers.
Major lenders including Bank of China (Hong Kong), Hang Seng Bank and HSBC have increased cash rebates on selected mortgages to as much as 1.4 per cent, up from around 1.2 per cent. Some smaller banks had gone further, offering up to 1.5......
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13.07.26 - 11:45
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CN Home: LONGFOR GROUP 1H Contracted Sales Down ~53% YoY to RMB16.55B (AAStocks)
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LONGFOR GROUP (00960.HK) announced its operating data for 1H26. As of the end of June, cumulative contracted sales for 1H26 amounted to RMB16.55 billion, down about 52.7% YoY. In June alone, total contracted sales amounted to RMB2.88 billion, down 55.4% YoY.~AASTOCKS Financial NewsWebsite: www.aastocks.com...
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12.07.26 - 03:06
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China′s developers eagerly line up to offer commercial-property Reits amid recovery signs (SCMP)
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China's first four exchange-traded real estate investment trusts (Reits) backed by commercial properties have opened the floodgates for fundraising by office developers, shopping centre builders and hotel owners amid investors' heightened hopes for a market recovery.
According to data provider Wind Information, as of June 24 the pipelines of the Shanghai and Shenzhen stock exchanges had 19 listing applications for investment trusts backed by commercial property assets, with six having already......
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10.07.26 - 08:36
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Harju Elekter to conclude an agreement for the supply of E-house solution (GlobeNewswire EN)
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AS Harju Elekter, the Estonian subsidiary of AS Harju Elekter Group, has entered into an agreement with Siemens Nederland N.V, the Dutch subsidiary of Siemens AG, for the engineering and manufacturing of E-House systems for the power distribution infrastructure of a data centre being built in Finland. The contract has a duration of 17 months and an estimated value of 15,5 million euros....
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