China extends some policies to support its troubled property market | CNN Business

The move has buoyed the Chinese currency, the yuan, and stock markets in mainland China and Hong Kong, where the benchmark Hang Seng index finished about 1% higher Tuesday. In November, the authorities unveiled a 16-point plan to revive the depressed real estate sector, which accounts for as much as 30% of China’s gross domestic product.

The moves announced Monday are “far from enough [to stabilize] the sector,” he said, adding that the announcement could signal more supportive policies to come. “Looking ahead, we expect to see more easing on the demand side, such as lowering the down-payment ratio and easing purchase restrictions.” Stephen Innes, managing partner at SPI Asset Management, said the measures were a “large step” in helping the property sector deal with liquidity issues.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Thames Water secures $962 million from investors but says it will need more | CNN BusinessInvestors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to hold off a temporary takeover by the government.
La source: cnni - 🏆 326. / 59 Lire la suite »

PGA Tour board member quits over 'serious concerns' with Saudi deal | CNN BusinessFormer AT&T CEO Randall Stephenson has resigned from his post on the influential policy board of the PGA Tour in protest to the proposed merger with Saudi-backed LIV Golf.
La source: CNN - 🏆 4. / 95 Lire la suite »

Florida is now America's inflation hotspot | CNN BusinessFlorida is America’s inflation hotspot, thanks to a persistent problem with sky-high housing costs.
La source: CNN - 🏆 4. / 95 Lire la suite »

Modelo tops Bud Light in sales for the second month in a row | CNN BusinessMexican-made Modelo Especial is the top-selling beer in the United States for the second straight month, once again snatching the crown from Bud Light.
La source: CNN - 🏆 4. / 95 Lire la suite »