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Top related persons:
Pan Gongsheng - 1 Pan - 1 William Wu - 1 Bruce Pang - 1 Pang - 1 Hui Ka Yan - 1 Evergrande - 1
Top related locs:
Hong Kong China Beijing Hang JLL Nanchuan Xining Qinghai province
Top related orgs:
People's Bank of China Gov - 1 Mainland Properties - 1 Longfor Group Holdings - 1 China Overseas Land & Investment - 1 Daiwa - 1 Bloomberg - 1 Hong Kong - 1 Company - 1

Search resuls for: "Longfor Group Holdings"


4 mentions found


☆ Property stocks in Hong Kong rally on homes mortgage stimulus
  + stars: | 2024-09-24 | by ( Anniek Bao | In | ) www.cnbc.com   time to read: +3 min
Chinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate market. During a high-level press conference Tuesday morning, People's Bank of China Gov. Hang Seng Mainland Properties Index surged as much as 5% when Hong Kong markets opened shortly after the announcement was made. Chinese policymakers have been ramping up support to reduce household's financial burden and shore up the troubled real estate sector. Homeowners could also be allowed to refinance with a different bank for the first time in years, the outlet reported.
Persons: Pan Gongsheng, Pan, William Wu, Bruce Pang, Pang Organizations: People's Bank of China Gov, Mainland Properties, Longfor Group Holdings, China Overseas Land & Investment, Daiwa, Bloomberg Locations: Beijing, Hang, Hong Kong, China, JLL
☆ Embattled Chinese property firm Evergrande up 20% after trading resumes in Hong Kong
  + stars: | 2023-10-03 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Evergrande's market valuation has been hovering around 5 billion Hong Kong dollars ($639.8 million), a fraction of its value prior to the developer's default in late 2021. The stock rose 20.31% after briefly touching 46 Hong Kong cents shortly after the open. Other Hong Kong listed property stocks were firmly in the red. Country Garden Holdings plunged 7.67%, while Longfor Group Holdings lost 4.82%. China's property market has faced faltering consumer confidence, with Evergrande and Country Garden steeped in debt problems.
Persons: Hui Ka Yan, Evergrande Organizations: Hong Kong, Company, Hong, Garden Holdings, Longfor, Holdings, Henderson Land Development Locations: Nanchuan, Xining, Qinghai province, China, Hong Kong
☆ Exclusive: China central bank to offer cheap loans to support developers' bonds
  + stars: | 2022-11-25 | by ( Julie Zhu Engen Tham | Julie Zhu | Engen Tham | ) www.reuters.com   time to read: +4 min
HONG KONG/SHANGHAI, Nov 25 (Reuters) - China's central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support yet for the crisis-hit sector. China has stepped up support in recent weeks for the property sector, a pillar accounting for a quarter of the world's second-biggest economy. As a result of the crackdown, though, property sales and prices fell, developers defaulted on bonds and suspended construction. Chinese media reported on Monday the central bank planned to provide 200 billion yuan in interest-free relending loans to commercial banks through the end of March for housing completions. Among other recent official support, China's interbank bond market regulator said this month it would widen a programme to support about 250 billion yuan ($35 billion) of debt offerings by private firms.
☆ Exclusive: China central bank to offer cheap loans to support developers' bonds-sources
  + stars: | 2022-11-25 | by ( Julie Zhu Engen Tham | Julie Zhu | Engen Tham | ) www.reuters.com   time to read: +4 min
HONG KONG/SHANGHAI, Nov 25 (Reuters) - China's central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support yet for the crisis-hit sector. China has stepped up support in recent weeks for the property sector, a pillar accounting for a quarter of the world's second-biggest economy. As a result of the crackdown, though, property sales and prices fell, developers defaulted on bonds and suspended construction. Chinese media reported on Monday the central bank planned to provide 200 billion yuan in interest-free relending loans to commercial banks through the end of March for housing completions. Among other recent official support, China's interbank bond market regulator said this month it would widen a programme to support about 250 billion yuan ($35 billion) of debt offerings by private firms.
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