18 Sep 2025
More recent developments
June 12, 2026
Another bad month for credit
Credit continued slowing in May. Per central bank (PBoC) data released June 12, outstanding total social financing (TSF) expanded 7.7% y/y, the slowest monthly expansion on record, and down from 7.8% in April. Meanwhile, outstanding RMB loans rose just 5.5% y/y –… Read More »
June 12, 2026
Rising rental yields offer tentative signal of housing bottom
Rising rental yields suggest China’s housing slump may be inching closer to a floor. ICYDK: China’s rental yield – annual rent as a share of home prices – is extremely low by global standards, thanks to decades of property price… Read More »
June 11, 2026
Hong Kong regulator clarifies scope of cross-border investment crackdown
Hong Kong authorities are reassuring brokerage firms that the recent clampdown on illegal cross-border investments won’t impact legitimate operations. ICYDK: On May 22, mainland regulators launched a two-year campaign against illegal cross-border securities and fund businesses, shutting down the mainland… Read More »