Real estate firms’ shares rallied after the move from China’s biggest commercial banks with some stocks rising 18%
Economic activity in the fourth quarter "is crucial for full-year growth", according to the State Council meeting chaired by Premier Li Keqiang, who said now was a "critical time" to bolster the economy.
Three state banks said on Wednesday they would provide hundreds of billions of yuan in credit to Vanke, Longfor and other debt-laden developers to support the embattled sector
Jianxia district officials reclaimed over 134 hectares (332 acres) of land previously held by a unit of the debt-laden developer
The economic fallout of Covid lockdowns in many cities led to many buyers putting off plans to take on debt to buy new homes. That's why experts say a real estate revival is still a way off.
China Evergrande, faced with $300 billion in liabilities, is set to start negotiating debt restructuring terms next month
New home prices slumped 1.6% year-on-year, according to NBS data, falling for the sixth consecutive month. That is the biggest annual drop since August 2015
China's retail sales dropped in October, for the first time in five months, and factory output grew more slowly than expected, new data showed on Tuesday
A package of support measures from the PBOC and banking officials was hailed by some analysts as a "turning point" and caused the property index to soar to a 2-month high in morning trading
Construction at the site has been halted since September 2021, with Evergrande facing more than $300 billion in liabilities
Immigration consultants said anxiety is spreading among China's rich over the socialist policy direction favoured by Xi Jinping's government, the SCMP said
Officials from Danzhou city say the buildings will be completed and turned into rental housing, serviced apartments and used for commercial activities.