Tag: china property market

China, Hong Kong Stocks Rebound But Analyst Says Government Intervention Will Only Have Short-Term Effect

October 30, 2022
Asia & PacificChinaChina Business & Economychina property marketchina stock marketFinance & Business TiesHong Kong Hang Seng Indexsocial controlSpecial TopicsWorld
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China’s stock market rebounded on the afternoon of Oct. 25, with its A-share index continuing the upward trend on Oct. 26 after plunging on Oct. 24. However, a financial analyst believes that the stock market recovery is a result of government intervention to appease investors, which will only have a short-term effect. China’s A-share stock…

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Over 40,000 Homebuyers in China Threaten to Boycott Mortgage Repayments for Stalled Projects

July 15, 2022
Business & MarketsChinaChina Business & Economychina property markethome buyersmortgage
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More than 40,000 homebuyers have threatened to cease paying their bank mortgages for pre-sold yet unfinished apartments unless developers resume construction. The distressed homebuyers have informed mortgagees of their decisions to boycott payments for stalled development projects via letters, some of which have been circulated online. The homebuyers said they have taken such measures after…

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