A residential community in Nanning, south China's Guangxi Zhuang autonomous region. Data shows that despite government warnings, China’s big banks are pouring loans into the property sector. Photo: Xinhua

China’s banks defy Beijing by pumping loans into property, despite economic slowdown

  • About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies
  • Total business loans fell by half in 2018, while individual housing loans only slowed by 6.3 per cent
Topic |   China economy

TOP PICKS

A residential community in Nanning, south China's Guangxi Zhuang autonomous region. Data shows that despite government warnings, China’s big banks are pouring loans into the property sector. Photo: Xinhua
READ FULL ARTICLE
Hong Kong developers are set to take advantage of rising home prices in the city and launch as many as 9,000 units in the second quarter. Photo: Winson Wong

Hong Kong developers to flood market with more than 9,000 homes in second quarter amid improving sentiment

  • Analysts say that although developers have waited patiently for sentiment to improve, competition will be fierce as they will offer discounts to lure buyers
Topic |   Hong Kong property

TOP PICKS

Hong Kong developers are set to take advantage of rising home prices in the city and launch as many as 9,000 units in the second quarter. Photo: Winson Wong
READ FULL ARTICLE