06 May 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Here's a shocker: China's slump in housing demand continued in April.
On April 30, China Real Estate Information Corp (CRIC) published its monthly survey of home sales data from China’s top 100 developers.
The headlines:
In April, new home sales fell 12.9% m/m, following a 93% m/m increas...
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 »
May 17, 2024
The slowdown in credit growth is partly due to a change in the way Chinese authorities calculate GDP. Starting in Q1, the stats bureau (NBS) has used net interest income, net bank charges, and other measures of bank profitability to… Read More »