China’s new bank loans rebounded in Nov, credit growth hit slowest since Oct 2021, household loans, corporate bond financing remained weak

China’s new bank loans rebounded in November from the previous month amid the government’s efforts to bolster the slowing growth, while the overall credit growth remained sluggish as household loans and corporate bond financing remained weak.

China’s mortgage rate hit record low, more cities lower down payment ratio for 2nd-home buyers to boost housing markets

China’s home mortgage rates hit the lowest on record after the central bank’s latest move to cut the benchmark lending rate to boost the faltering economy. An increasing number of cities are lowering downpayment requirement ratio to support the struggling housing markets.

Chinese Vice Premier Han Zheng calls for further efforts to ensure power supply as power crunch worsens

China’s power demand repeatedly breaks records and some regions are experiencing extreme hot weather and drought, said Chinese Vice Premier Han Zheng on Wednesday, adding that China is now in a critical stage to ensure power supply in the summer peak season.

Several Chinese cities suspended, relaxed second-hand reference price mechanism to boost housing markets

Several Chinese cities have suspended or relaxed a measure to set reference prices for second-hand homes which was aimed at curbing property speculation, in the latest round of property policy easing to support the struggling housing markets.