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Search resuls for: "Eugene Law"


2 mentions found


EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL:"If the central government steps in to help Country Garden, it's for easing the debt crisis and preventing a spillover to financial institutions. But it will not help the China property market, which depends on factors, including employment and consumer confidence. Homebuyers would not rush to buy property just because Country Garden gets out of trouble. For the broader property market, the key is still home sales." Country Garden may have reached a tipping point where it will need more liquidity to fulfill such a policy goal.
Persons: Tyrone Siu, Ping, EUGENE LAW, Homebuyers, MICHAEL WONG, XU TIANCHEN, YAO, homebuyers, GARY NG, Clare Jim, Anne Marie Roantree, Edwina Gibbs, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping An Insurance Group, HK, Reuters, LU, OF CHINA GALAXY, Garden, Central Financial Work Conference, Thomson Locations: Shenzhen, China, HONG KONG
Residential buildings in Hong Kong, China on October 23, 2023. He doesn't expect the move to reverse downward trend in Hong Kong's property prices as interest rates remain high. He expects the policy address will give property prices "a chance to stabilize" and for volumes to pick up. HIBOR refers to the interest rate for interbank borrowing, while prime rate is determined by individual banks. Risks for Hong Kong property
Persons: Vernon Yuen, John Lee, Ken Yeung, Buggle Lau, KC Mok, Mok, Kitty Yiu, Yiu, Eugene Law, Law Organizations: Getty, Hong, Midland Realty, CNBC, Hong Kong Locations: Hong Kong, China, Hong
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