China formulates action plan to support struggling real estate sector, to reasonably improve “Three Red Lines” restrictions

China has formulated a comprehensive action plan to support the struggling real estate sector as Beijing steps up the effort to boost the country’s economic growth, the official Xinhua News Agency reported on Friday.

Major Chinese property developers’ financing surged over 80% on month in Dec, full-year amount below 1 tn yuan for first time since 2016

The 100 major Chinese property developers’s total financing reached 101.8 billion yuan in December, jumping above 100 billion yuan for the first time in 2022, according to the China Real Estate Information Corporation (CRIC).

China’s real estate market to bottom out in 2023, government to take more targeted measures to support first-home purchases – housing minister

Ni Hong, Minister of the Housing and Urban and Rural Development, said that he is confident that China’s real estate market will bottom out this year and vowed to take targeted measures to step up support for first-home purchases.

PBOC Guangzhou branch reportedly guided banks to provide offshore financing to property developers 

The People’s Bank of China’s branch in Guangzhou has recently guided financial institutions under its supervision to provide offshore financing to quality property developers backed by a domestic guarantee, involving over 2.8 billion yuan of funding.

Chinese property developers trade higher on expectations of further relaxation of real estate policy

An index tracking mainland-listed real estate developers, compiled by Wind Information, is trading more than 1% higher. Property developers based in Guangdong province are outperforming, with Shenzhen Zhenye surging by the daily limit of 10% and Shenzhen Special Economic Zone Real Estate and Properties up more than 7%.

Property developer CIFI invited potential bidders for stake in property service unit, eyes overseas debt solution in Q1 next year

Chinese property developer CIFI Holdings said that it had invited potential bidders for its stake in the property management subsidiary CIFI Ever Sunshine Service Group and had started preliminary discussions on the bidding process. 

Chinese property developer rally amid expectation of further relaxation of real estate policy in upcoming key policy meeting

Shares of Chinese property developers and property management companies stage a rally in Hong Kong as market expecting further softening of real estate policy in the upcoming Central Economic Work Conference.