China Real Estate News
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China Real Estate News |
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China casts fearful eye at subprime
In the wake of the US subprime crisis, China's central bank and its banking watchdogs have ordered commercial banks to tighten loans to home buyers and property developers, apparently in fear that a possible downturn of the currently bullish housing market would bring about similar financial turmoil in the country.
China Says New Agency Purely Commercial
The chairman of China's multibillion-dollar state investment company said Tuesday that the goals of the new entity are purely commercial, attempting to allay concern that it would be used to promote Chinese political goals.
China Tells Banks to Set Aside Bigger Reserves to Cool Economy
China ordered banks to set aside more money as reserves for the eighth time this year to cool speculation in stocks and real estate and curb the fastest inflation in 10 years. Lenders must park 13 percent of deposits as reserves from Oct. 25, up from 12.5 percent
Foreign private equity marches into China real estate market
It is becoming a trend for foreign private equity funds to invest in Chinese real estate projects, according to a report published by Zero2IPO. Zero2IPO analyst Chu Wanglin holds that three opportunities; the 2008 Beijing Olympic Games, the 2010 Shanghai World Expo and the anticipation for appreciation of the yuan
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