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Top related persons:
Tao Ling - 3 ” - 2 Nomura - 2 Société Générale - 2 Larry Hu - 2 Lifeng - 2 Zhaopeng Xing - 1 Goldman Sachs - 1
Top related locs:
China Beijing Hong Kong Hong Kong CNN — Beijing Greater Société Japan BEIJING
Top related orgs:
Hong Kong CNN — - 1 ANZ Research - 1 Goldman - 1 People’s Bank of China - 1 Greater China - 1 Bank of America - 1 Housing Ministry - 1 HSBC - 1

Search resuls for: "Tao Li"


5 mentions found


☆ China is trying to end its ‘epic’ property crisis. The hard work is just beginning
  + stars: | 2024-05-21 | by ( Laura He | ) edition.cnn.com   time to read: +7 min
“The policymakers recognize the urgency to prevent an outright property crisis,” said Zhaopeng Xing, senior China strategist at ANZ Research. According to Goldman Sachs, the total value of unsold homes, unfinished projects and unused land in China is about 30 trillion yuan ($4.1 trillion). On Friday, Tao Ling, deputy governor of the PBOC, said the relending program could eventually underpin 500 billion yuan ($69 billion) worth of bank loans to support the buying. The Housing Ministry said Friday that local governments can instruct local state-owned enterprises to help purchase some unsold homes from developers. Just the beginningAddressing the oversupply of unsold homes is only the first step, experts say.
Persons: ”, Zhaopeng Xing, Goldman Sachs, it’s, Tao Ling, Ting Lu, Nomura, Helen Qiao, It’s, Tao, ” Jing Liu, Taylor Wang, Xing, Goldman, Donald Trump, Michelle Lam, Wei Yao, Société Générale Organizations: Hong Kong CNN —, ANZ Research, Goldman, People’s Bank of China, Greater China, Bank of America, Housing Ministry, HSBC, European Union Locations: China, Hong Kong, Hong Kong CNN — Beijing, Beijing, Greater, Société, Japan
☆ China pledges $42 billion in a slew of measures to support the struggling property sector
  + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
China announced "historic" steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. These and other measures announced Friday marked Beijing's latest efforts to address issues in the massive real estate sector. The real estate companies can then use funds earned from those sales to complete construction on other apartments, the central bank said. Pre-sold, unfinished homesFor years, many apartments in China tended to be sold before construction was finished. Nomura estimated last year there were around 20 million such pre-sold, unfinished apartments in China.
Persons: Zhu Ning, Tao Ling, Xiao Yuanqi, Larry Hu, Dong Jianguo, Lifeng, Zhu, Nomura Organizations: China, Nurphoto, Getty, Tsinghua University, People's Bank of China, National Financial Regulatory, Macquarie, CNBC, of Housing, Housing, Future Publishing Locations: BEIJING, Wanxiang City, Huai'an City, East China's Jiangsu, China
☆ Housing market: China unveils sweeping measures to rescue its crisis-hit property sector
  + stars: | 2024-05-17 | by ( Laura He | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.
Persons: Lifeng, Tao Ling, Larry Hu, ”, Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing
☆ US warns space companies about foreign spying
  + stars: | 2023-08-18 | by ( Michael Martina | ) www.reuters.com   time to read: +2 min
"We anticipate growing threats to this burgeoning sector of the U.S. economy," a U.S. counterintelligence official told Reuters, adding that "China and Russia are among the leading foreign intelligence threats to the U.S. space industry." The document warned companies to be on guard for facility visit requests, and attempts to gather confidential information at conferences. U.S. authorities have for years said Chinese hackers are targeting U.S. space know-how, including having accessed computers at the NASA Goddard Space Center and Jet Propulsion Laboratory, as well as numerous companies involved in aviation, space and satellite technology. China says its space program is for peaceful purposes, but U.S. military officials say Beijing sees space as crucial to its military strategy. The U.S. warned this year that China seeks to match or surpass it as a leader in space by 2045.
Persons: Tom Brenner, Tao Li, Michael Martina, Don Durfee, Jamie Freed Organizations: Federal Bureau of, REUTERS, Rights, Reuters, Federal Bureau of Investigation, National Counterintelligence and Security, Air Force Office, Special Investigations, NASA Goddard Space Center, Jet Propulsion Laboratory, Thomson Locations: Washington , U.S, U.S, China, Russia, Washington, Beijing
☆ Judge tosses most charges against Kansas researcher
  + stars: | 2022-09-23 | by ( Associated Press | ) www.nbcnews.com   time to read: +4 min
A federal judge on Tuesday threw out three of four convictions against a Kansas researcher accused of illegally concealing work he was doing at a Chinese university while working at the University of Kansas, leaving only a conviction for making a false statement on a form. A jury convicted researcher Feng “Franklin” Tao in April on three counts of wire fraud and one count of false statements. He was accused of not disclosing that he was working for Fuzhou University in China while employed at the Kansas university. She upheld the making a false statement conviction and denied Tao’s request for a new trial on that count. She said Tao did make a false statement to Kansas on a conflict of interest statement he submitted to the university in 2018.
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