Category: IN-DEPTH

Posted in IN-DEPTH MARKET

Many property companies default on commercial paper repayments amid liquidity crunch

A number of Chinese real estate companies have repeatedly defaulted on commercial paper payments amid a sector-wide liquidity crunch and that has made it difficult…

Posted in IN-DEPTH MARKET

China’s state-backed Big Fund cut holdings in chipmakers after the sector’s strong rally, Phase II accelerates investment with focus on upstream

The state-backed China Integrated Circuit Industry Investment Fund, known as “The Big Fund”, will cut holdings in Hunan Goke Microelectronics Co., Ltd by no more than 3.64 million…

Posted in IN-DEPTH

Property developer Shimao put all property projects on sale, sending stocks, bonds soaring

China’s Shimao Group has put all property projects on sale, including both residential and commercial properties as the troubled property developer tries to accelerate asset…

Posted in IN-DEPTH NEWS

China Evergrande ordered to demolish 39 residential buildings in Hainan within ten days

Embattled property developer China Evergrande Group has been ordered by the local authorities in Danzhou, Hainan province, to demolish 39 “illegal” residential buildings. A document…

Posted in DATA IN-DEPTH

China’s lithium prices surge over 400% on year to jump above 270,000 yuan per tonne for first time

China’s lithium prices jumped above 270,000 yuan per tonne for the first time on record driven by strong demand for new energy vehicles and year-end…

Posted in IN-DEPTH

China’s silicon material prices drop from record highs amid slower-than-expected solar installation

Prices of silicon materials are falling from record highs amid slower-than-expected solar installation. According to data released by the China Non-Ferrous . . .    …

Posted in IN-DEPTH

Shipping rates from China to SE Asia surge amid economy reopening, shipping capacity shortage

Shipping rates from China to Southeast Asia have have been surging since November amid a pick-up in imports from China after the region lifted Covid-19…

Posted in IN-DEPTH MARKET

China’s LNG price tumbled nearly 50% since mid-November

While liquefied natural gas (LNG) prices in the overseas market surge, the prices in China’s domestic market have slid by nearly 50% since mid-November as…

Posted in IN-DEPTH NEWS

Several Chinese developers request rating withdrawals “to prevent risks”

The top three global credit rating agencies – Moody’s Investors Service, S&P’s Global Ratings and Fitch Ratings have lowered ratings of several Chinese property developers…

Posted in IN-DEPTH MARKET

Several private property developers plan to issue asset-backed securities as real estate financing improves further

Several private-owned real estate developers in China including Country Garden and Logan Group have announced plans to issue asset-backed securities (ABS) as financing environment for…

Posted in IN-DEPTH POLICY & REGULATION

Politburo vows to promote healthy development of real estate sector, uses “virtuous cycle” for first time

China will increase construction of affordable-housing, support the efforts to better meet home buyers’ reasonable demand and promote healthy development and virtuous cycle of the…

Posted in IN-DEPTH

Ningbo Zhoushan Port raises charges by 10%, other ports likely to follow suit

China’s Ningbo Zhoushan Port, the world’s largest port by cargo throughput, announced this week that it will raise the charges for loading and unloading 20-foot…

Posted in IN-DEPTH MARKET

China’s steel prices show stabilization amid expectation of stronger demand, analysts say room for improvement limited

China’s steel prices show signs of stabilization recently after sliding sharply in the past few months, boosted by expectations of stronger steel demand amid improving…

Posted in DATA IN-DEPTH OPINION & ANALYSIS

Chinese property developers’ bond issuance picked up significantly in November, nearly all issuers SOEs

Chinese property developers that had struggled in a sector-wide cash crunch finally saw a pick-up in financing this month after authorities repeatedly urged financial institutions…

Posted in DATA IN-DEPTH

China’s housing market weakened further in October, 90% of major cities saw resale prices drop on month

China’s housing market weakened on all fronts in October, as declines in home prices, sales and property investments widened. Analysts say that there may be…

Posted in DATA IN-DEPTH

China’s steel futures fell nearly 30% in a month, daily crude steel output in Oct hit new low since Dec 2017

China’s steel futures tumbled by nearly 30% in a month amid weakening demand and falling costs and industry insiders see more weakness in the rest…

Posted in DATA IN-DEPTH

Chinese property developers’ fundraising slumped at fastest pace this year in October

Chinese property developers’ fundraising slumped at the fastest pace this year in October, even after the government urged financial institutions to meet the real estate…

Posted in IN-DEPTH

China’s steel prices drop amid weakening demand, more decline expected in Q4

China’s steel prices decline rapidly amid weakening demand and lower material prices and prices are likely to slide further in the fourth quarter, said industry…