28 Jun 2022
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Some of Evergrande Group's creditors are getting desperate.
On Tuesday, investment holding firm Top Shine Global Ltd filed a winding-up petition against Evergrande in Hong Kong for unpaid debts to the tune of HKD 862.5 million.
Some context: These petitions are filed by a creditor to ask a co...
May 17, 2024
Beijing is pushing for improvements to the recycling system to boost its consumer goods trade-in initiative. ICYDK: The State Council launched the initiative in March, but it has reportedly failed to take off in some localities due to the rock-bottom… Read More »
May 17, 2024
The cavalry is finally coming to rescue the beleaguered property sector. On Friday, the central bank (PBoC) announced new financial incentives for people to buy homes, most notably by: Scrapping the mortgage rate floor for both new and second-hand homes nationally Cutting… Read More »
May 17, 2024
More cities are rolling out plans to purchase unsold apartments and turn them into affordable homes. ICYDK: On Tuesday, Bloomberg scooped that the State Council is considering sponsoring large-scale government purchases of unsold housing, with a draft plan expected by… Read More »