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Search resuls for: "Fantasia Holdings"


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Chinese house prices fell last month, according to data released Friday. The world's second-largest economy is grappling with a property crisis that's threatened to drag down growth. Policymakers have responded by cutting down-payment requirements and mortgage rates. The figures cover a period before policymakers slashed down-payment requirements and allowed lenders to cut mortgage rates in a bid to boost China's long-suffering real-estate sector. Falling house prices tend to weigh on a country's overall level of wealth, which fuels a decline in spending that drags down growth.
Persons: Evergrande Organizations: Service, National Bureau of Statistics, Fantasia Holdings Locations: Wall, Silicon, Beijing
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. The regulator also asked the property developers about their financing needs and sought suggestions, according to Cailianshe. China International Capital Corporation (CICC) has been hired as a financial adviser to Country Garden, the Yicai and Caixin reports said. Country Garden shares ended down 5.8% on Friday, having fallen as much as 14.4% during the day to a record low of HK$0.89. "It is likely to further weaken market sentiment and delay the recovery of China's property sector," it said.
Persons: Aly, Yicai, Cailianshe, CICC, John Lam, Clare Jim, Selena Li, Himani Sarkar, Jamie Freed, Raju Gopalakrishnan, Jane Merriman Organizations: Shanghai Country Garden, REUTERS, HK, China Evergrande, Sunac China Holdings, China's, Communist Party, China International Capital Corporation, Garden, UBS, China Aoyuan, Fantasia Holdings, Thomson Locations: Shanghai, China, HONG KONG, Beijing, Hong Kong
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