22 Oct 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Property prices continued to fall at a historic pace in September.
According to the stats bureau’s (NBS) monthly survey of home prices in 70 major cities, published Friday:
In September, average new home prices fell 0.71% m/m, improving marginally from the 0.73% fall in August
Year-on-year, prices ...
October 22, 2024
Local government debt woes showed no sign of improvement in September, according to the latest data on commercial acceptance draft (CAD) defaults. At the end of September, the number of local government financing vehicles (LGFVs) with repeated defaults on Commercial… Read More »
October 22, 2024
The stimulus calls are coming from inside the house. Last week, another top government advisor, Liu Shangxi, head of the Chinese Academy of Fiscal Sciences, made the case for fiscal stimulus to “absolutely surpass” RMB 10 trillion. Some context: We… Read More »
October 22, 2024
The securities regulator (CSRC) is finally planning to reopen the IPO pipeline. That’s the impression we got from the readout of a symposium CSRC director Wu Qing held on Sunday. Some context: Since the IPO freeze in August 2023, China’s… Read More »