Beijing is lowering the minimum down-payment ratio for buying a home to 20% from 30%, and for some second home buyers to 35% from 40%. The city is also reducing the floor rate for a first-home mortgage to the loan prime rate (LPR) minus 45 basis points. Beijing faces the worst oversupply among 30 major cities tracked by China Real Estate Information Corp. Its new home inventory needs 48.9 months to sell, CRIC estimated. The capital’s new-home prices slumped 1.1% in May, the worst drop in...
Beijing needed to act faster to stem the erosion of confidence among domestic investors after slamming their real estate dreams. The inaction when it comes to direct stimulus (ie massive spending, consumer support) is a key sticking point w investors. This isn’t about foreign money manipulating Chinese markets. It’s more about domestic (and foreign) money giving up. Capitulation by the investing public despite govt reassurances of state fund buying. Can’t rule out a sharp bounce after s...
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Mr Careful
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their strategy is to keep buying in the open market for mainland counters before cny. we will gauge its effectiveness before deciding whether to move out. anyway, sitting on a good profit buffer.
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
103435249 : Why it halted now?
103753392 103435249 : Do you also hold this stock?