17 Sep 2025
More recent developments
May 8, 2026
Regulator tells banks to halt lending to US-sanctioned refiners
China's financial regulator (NFRA) has reportedly told major state banks to pause new loans to five US-sanctioned refiners while they review exposure (Bloomberg). Some context: The US Treasury blacklisted Hengli Petrochemcial and four other Chinese refiners in late April over… Read More »
May 8, 2026
Local governments getting 20% off land buybacks
China’s local governments began buying back large swaths of undeveloped land in 2025 – but just how much are they paying for it? Refresher: In late 2024, authorities allowed local governments to use the proceeds from special-purpose bonds (SPBs) to… Read More »
May 7, 2026
April data highlight two-speed housing recovery
China’s secondhand housing market may finally be in recovery mode. According to April data from China Real Estate Information Corp. (CRIC), an independent data provider: Across 20 major cities, resale transaction volume by floor space jumped 17% y/y – a… Read More »