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  • November 1, 2014
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  1. Beijing urged to join forces at G20 for debt rules

    Posted Aug 11th 2011, 12:00am

    ... the so-called BRICS countries of Brazil, Russia, India, China and South Africa- hold large quantity of US treasury bonds. The mainland experts said that given the developing nations had much at stake, they should take group action to force developed countries be more responsible and to help stabilise the markets. Lu Zhengwei, chief economist at the Industrial Bank and a respected voice ...

  2. Developers eagerly topping up land banks

    Posted Jul 04th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Mainland developers are busily replenishing their land banks in the latest sign of growing investment confidence in the property market. Agile Property Holdings bought a 100,000 ... existing land bank is only enough to supply its development requirements for two to three years, and it has more than 20 billion yuan in cash on hand, according to Citigroup. Another property ...

  3. Boom time for developer

    Posted Apr 02nd 2012, 12:00am

    ... Tianjin-based property developer Sunac China Holdings announced a sharp rise in its revenue for the financial year ended December 31, 2011. Revenue for the reporting period rose by 59.4 ... from 2010 to 2.36 billion yuan last year. Last year, the group focused on developing properties in six mainland cities: Beijing, Tianjin, Chongqing, Wuxi, Suzhou and Yixing. The group continued ...

  4. Beijing's grip slows development cash

    Posted Sep 10th 2011, 12:00am

    ... As banks have tightened lending, developers have been forced to use more of their own funds to finance projects. Developers' own funding of projects came to 296 billion yuan in August, ... to 1.64 billion square metres last year and reached 994 million square metres in the first half of this year, bank lending was not catching up. 'The situation means developers have to be more ...

  5. Beijing moves to let rural credit companies upgrade into banks

    Posted Oct 25th 2007, 12:00am by Tom Miller

    ... Tom Miller in Beijing Small rural credit companies will be allowed to restructure into fully fledged banks under plans being considered by the banking regulator, as Beijing presses ahead with reforms designed to improve farmers' access to financial services. Jiang Dingzhi, vice-chairman of the China Banking Regulatory Commission, said yesterday that qualified credit companies ...

  6. Small lenders boom on mainland

    Posted Jun 04th 2012, 12:00am

    ... account with a major state-controlled bank in Beijing last month, and handed it to a private 'microcredit' firm, expecting to earn a 10 per cent annualised return on their investment. ... deposit rate offered by mainland banks and 3 to 4 per cent yield from treasury bonds. 'The interest rates on bank deposits and bonds are now minimal as prices of almost everything have risen ...

  7. Developers build up land holdings

    Posted Jun 30th 2010, 12:00am by Lulu Chen

    ... that developers can meet the expense of not selling anything and still have a good cash flow is that banks are not doing enough to make them pay back their loans,' Xie said. Comments from developers ... the mainland's 14 listed banks had about 2.3 trillion yuan in outstanding property loans on their books, of which about 600 billion yuan was for property development and about 1.78 trillion yuan ...

  8. Property - Hong Kong & China - CONCRETE ANALYSIS

    China's cities narrow gap with West in global survey

    Posted Mar 27th 2013, 12:00am by Thomas Lam

    ... and Pacific economist at the World Bank, calls a "double whammy" of weaker exports and sluggish domestic demand. However, it is still expected to continue outperforming its rivals, ...

  9. Homebuyers furious as mainland developers slash prices by a third

    Posted Oct 28th 2011, 12:00am

    ... cities after developers cut prices to boost sales. Facing growing liquidity pressure, developers have started to slash prices for some new projects, with cuts of more than 30 per cent in some ... flat owners gathered at a housing project in Shanghai's suburban Jiading district last Saturday after state-owned developer Greenland Group cut the sales price of unfinished flats by more ...

  10. Property - Hong Kong & China

    Getting a flat in new affordable housing project in Beijing like winning a lottery

    Posted Feb 25th 2014, 11:07am by CELINE SUN; LANGI CHIANG

    ... is developed by Evergrande Real Estate. He also has a small flat in Beijing, but his wife is three months pregnant, and they need a bigger place. Applicants who already have a flat have been told ...




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