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Trade war under Trump is the last thing China’s housing market needs

Hong Kong’s Tsim Sha Tsui named world’s fourth most expensive shopping district

Wary of ‘vicious’ events, China makes migrant worker arrears a priority

China property: Shenzhen joins Beijing and Shanghai in offering tax breaks to boost sales

China property

Is the end in sight for China’s property crisis?

Business

China’s property policy ‘arrows’ set to rescue developers, but with buyers’ faith shaken, will boom times return soon?

Illustration by Lau Ka-kuen

An aerial view of the Nanshan district of Shenzhen, in Guangdong province. Photo: Shutterstock

Residential buildings under construction at Tahoe Group’s Cathay Yard development in Shanghai on November 9, 2022. Photo: Bloomberg

An aerial photo taken on December 3, 2022 shows a housing complex by Chinese property developer Evergrande in Huaian, in China’s eastern Jiangsu province. Photo: AFP

The policy ‘arrows’ Beijing fired in November will aid debt-trapped developers, but observers differ on the timing and magnitude of a rebound, while some doubt the boom times will ever return.


China property: junk-bond party has begun as December rush delivers windfall, leaves Nomura, Goldman at risk of missing the boat

illustration by Lau Ka-kuen

Kenny Chung, executive director and portfolio manager in Hong Kong at Astera Capital Partners

Gordon Tsui, head of fixed income at Ping An of China Asset Management (Hong Kong)

Michel Lowy, CEO of SC Lowy Financial (HK) 

China’s central bank unleashed a ‘three-arrow programme’ from early November to help ease a funding squeeze faced by local developers. Photo: AFP

Angus To, deputy head of research at ICBC International 

As Beijing backstops further cracks in the housing market, global fund managers have scored huge gains in the past two months, leaving more cautious analysts at Nomura and Goldman at risk of missing the boat.


China’s haphazard ‘three arrows’ could shrink the property sector. Is that more sustainable?

Hui Ka-yan (second right) visits the construction site of the company’s planned headquarters in Shenzhen in 2019. The company sold the site to a group of state-owned firms last month. Photo: Handout

Beijing’s ‘three arrows’ liquidity package is unlikely to trickle down evenly to all affected developers. The sector will see consolidation as some are likely to fail along the way.


In this three-part series, we look at whether the boom times will return, if investors are returning to Chinese property credits, and more.


Series

Is the end in sight for China’s property crisis?

In this three-part series, we look at whether the boom times will return, if investors are returning to Chinese property credits, and more.

With China property-market deep freeze thawing, will boom times return soon?

The policy ‘arrows’ Beijing fired in November will aid debt-trapped developers, but observers differ on the timing and magnitude of a rebound, while some doubt the boom times will ever return.

China property junk-bond party is here as December rush delivers 65 per cent bonanza

As Beijing backstops further cracks in the housing market, global fund managers have scored huge gains in the past two months, leaving more cautious analysts at Nomura and Goldman at risk of missing the boat.

China’s haphazard ‘three arrows’ could shrink the property sector

Beijing’s ‘three arrows’ liquidity package is unlikely to trickle down evenly to all affected developers. The sector will see consolidation as some are likely to fail along the way.