DIRS.INFO The most relevant business & tech news

☆ Don’t expect small caps to hold their postelection gain. Look at these other Trump trades instead
▼ + stars: | 2024-12-01 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Small caps have been one of the hottest corners of the markets in the wake of President-elect Donald Trump's election victory four weeks ago. "Small caps right now are a trade, not a fundamental move," Krei added. Krei is also more optimistic on financials, another group that, like small caps, has outperformed following Trump's election. The Financial Select Sector SPDR Fund ETF (XLF) surged 10.5% in November, bringing its 2024 advance to 38% in 2024. The Energy Select Sector ETF (XLE) has risen 16.7% year to date, underperforming the broader market, but jumped 7.8% in November alone.

Persons: Donald Trump's, Andrew Krei, Krei, Russell, Lauren Goodwin, Goodwin, We're, — CNBC's Michael Bloom Organizations: Trump, Crescent Grove Advisors, CNBC, New York Life Investments, SPDR Fund, Sector Locations: New York

☆ JPMorgan's top biotech stock picks for 2025 as sector looks for a comeback year
▼ + stars: | 2024-11-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

While 2024 marked another "challenging" year for biotech stocks, some names could be slated for upside in the months ahead, according to JPMorgan. That said, biotech stocks specifically have not seen nearly the same level of gains. Wall Street is mostly bullish on Vertex, as 21 of the 35 analysts covering the stock have a strong buy or buy rating. The stock has advanced 13% in 2024, and JPMorgan thinks it is "well positioned" for continued expansion. "We believe the portfolio will see appreciation for several value drivers in 2025," analyst Brian Cheng told clients.

Persons: Jessica Fye, Fye, Tessa Romero, Brian Cheng Organizations: JPMorgan, Dow Jones Industrial, Nasdaq, Vertex Pharmaceuticals, Immune, Edgewise Therapeutics

☆ Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.
▼ + stars: | 2024-11-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.

Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer

☆ Ives: This tech market will be on fire as the AI revolution hits its next phase.
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIves: This tech market will be on fire as the AI revolution hits its next phase. Dan Ives, Global Head of Technology Research at Wedbush Securities, discusses the tech sector's strong performance despite NVIDIA's earnings stumble. He upgrades several AI-focused software companies, including Snowflake and Elastic, predicting significant growth driven by the AI revolution.

Persons: Dan Ives Organizations: Global, of Technology Research, Wedbush Securities

☆ The 'Roaring 20s' rally will continue in 2025. UBS shares 8 ways to maximize gains.
▼ + stars: | 2024-11-22 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

While Wall Street is confident that there will be a continued boom under Trump, UBS GWM is less sure. "AI infrastructure spending remains robust, and we expect key semiconductor components needed for AI to remain supply constrained in 2025, supporting pricing," UBS GWM strategists wrote. "We believe investment-grade bonds offer attractive yields and expect mid-single-digit returns in US dollar terms," UBS GWM strategists wrote. "In 2025, we believe gold will remain an effective hedge against key political concerns, including government debt levels, inflation, or geopolitical tensions," UBS GWM strategists wrote. Residential and commercial properties both make sense, though UBS GWM specifically cited property types like logistics, data centers, and multifamily housing.

Persons: Donald Trump, Mark Haefele, UBS GWM, Haefele Organizations: UBS Global Wealth Management, UBS GWM, Trump, UBS, Technology, Utilities Locations: Japan

☆ Possible Rowan selection for Treasury secretary would be boost for Apollo stock, private equity industry, says TD Cowen
▼ + stars: | 2024-11-21 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

The potential appointment of Apollo Global Management CEO Marc Rowan would boost the stock and the broader alternative asset management sector, according to TD Cowen. Trump's reelection platform included efforts to deregulate industries, which would facilitate large transactions such as the ones seen in the private equity sector. APO 1D mountain Apollo shares on Thursday Katz also thinks any "key man risk" at Apollo in the event Rowan is appointed to Trump's Cabinet is limited. Likely CEO successors are co-Presidents Jim Zelter and Scott Kleinman, according to Katz. Shares of Apollo have soared 77% year to date.

Persons: Marc Rowan, TD Cowen, Donald Trump's, Rowan, Kevin Warsh, Scott Bessent, Sen, Bill Hagerty, Warsh, Bill Katz, Katz, Jim Zelter, Scott Kleinman Organizations: Apollo Global Management, Federal, Key Square Group, Rowan, Trump, Mar, APO Locations: Wednesday's

☆ Trump's China tariffs would cut into US defense production, Beijing advisor says
▼ + stars: | 2024-11-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AdvertisementHigh tariffs on China could prevent the US defense industry from getting needed supplies, a Beijing advisor said. "If those military enterprises do not have supply from China, they will not be able to continue with their production." The US defense sector will face big repercussions if Donald Trump launches tariffs against China, an advisor tied to Beijing's government said. AdvertisementTo be sure, it remains to be seen how Trump's tariff ideas actually pan out. So far, the defense sector appears distracted by other developments tied to Trump's presidency.

Persons: Donald Trump, Ding Yifan, Trump, Ding, Greg Hayes Organizations: Defense, State Council's Development Research Center, Financial Times, JPMorgan, Government, P Aerospace Locations: China, Beijing

☆ Here's a look inside the Three Mile Island nuclear power plant
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Operations at Three Mile Island are poised to restart in four years, the latest sign that the nuclear power industry is undergoing a major turnaround after a wave of plant closures. The Unit 1 reactor at Three Mile Island, which entered service in 1974, was permanently shut down in 2019 due to economic pressure as nuclear power struggled to compete against natural gas. But the tech sector's growing power needs are breathing new life into the industry. Constellation Energy plants to restart Unit 1 in 2028 through an agreement with Microsoft to help power the tech company's data centers. Here is a look at the plant's main control room, the turbine deck that houses the main power generator, and the facility's iconic cooling towers.

Persons: Chris Crane, Exelon, Bryan Hanson Organizations: Constellation Energy, Microsoft, Crane Clean Energy, Nuclear Regulatory Commission, The Department of Energy, Energy Solutions

☆ Crisis-era regulation has 'gone too far', Reeves tells UK finance sector
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: +2 min

Britain's Finance Minister Rachel Reeves has pledged to make the "necessary", "urgent" and "incredibly tough" choices to restore the country's economic stability. Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain's "crown jewel" financial industry which she said has shackled the City's global prospects since the global financial crisis and stifled UK economic growth. That has gone too far and, in places, it has had unintended consequences which we must now address." The former Bank of England economist will propose five priority growth opportunities to maximize potential for growth in UK financial services, namely capital markets, fintech, sustainable finance, asset management and wholesale services, and insurance and reinsurance, the excerpts showed. She said the first Financial Services Growth and Competitiveness Strategy would be published in spring to serve as a roadmap for growth, cementing the sector's place at the heart of the government's 10-year Industrial Strategy.

Persons: Rachel Reeves, Reeves, Donald Trump's, Keir Starmer Organizations: Britain's, Bank of England, Financial

☆ Trump's win spells trouble for a luxury comeback in China
▼ + stars: | 2024-11-08 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

Luxury brands face uncertainty after Donald Trump won the US presidential election. His victory spells trouble for the sector's hopes of a comeback in China. AdvertisementAmerica has elected a new president, paving an uncertain future for luxury brands looking to boost sales in China. Tariffs further complicate luxury's China issuesChina has been a reliable cash cow for luxury brands for decades. AdvertisementNationalism's rise doesn't play well for luxuryTrump's return to the White House is a signal of a wider issue facing luxury brands — rising nationalism.

Persons: Donald Trump, —, Trump, Jelena Sokolova, Martin Roll, they'll, Cheng Xin, Gary Ng, Ng, Daniel Langer, Justin Sullivan, It's Organizations: Service, America, Beijing, Morningstar, Trump, McKinsey, Pepperdine University Locations: China, outflows, Russia, Europe

☆ The four best bank stocks to own amid the Trump trade, according to top analyst Graseck
▼ + stars: | 2024-11-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

A Donald Trump presidency and Republican-controlled Senate could boost big banks, according to Morgan Stanley analyst Betsy Graseck. The analyst highlighted four big banks investors should look toward: Citigroup, Goldman Sachs , Wells Fargo and Bank of America . The acceleration in capital markets should benefit all the big banks, and Goldman Sachs is set to benefit the most, she noted. Meanwhile, Citigroup is most exposed to tailwinds from higher excess capital levels as a Republican-led government is unlikely to raise current capital requirements. She estimates this will result in an $86 billion jump in current excess capital for the big banks in the firm's coverage.

Persons: Donald Trump, Morgan Stanley, Betsy Graseck, financials, Financials, Graseck, Goldman Sachs, Wells, Goldman Organizations: Republican, Trump, House Republicans, Citigroup, Bank of America Locations: Wells Fargo, Basel

☆ The market is already indicating the early winners and losers from Trump's win
▼ + stars: | 2024-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A pillar of President-elect Donald Trump's campaign was the economy and the work he would do to "fix it." Tesla shareholders: The EV giant took off with news of Trump's win, finishing the day up almost 15%. Bond yields are already soaring, indicating the market expects the cost of borrowing to keep rising. Investors in Europe: European growth stands to take a hit from Trump's proposed tariffs, according to Goldman Sachs.

Persons: —, Donald Trump's, Elon Musk's, Trump, that's, Goldman Sachs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, White, Nasdaq, Dow Jones Industrial, GOP, Tesla, Trump, bitcoin, Treasury, Investors Locations: Europe, New York, London, Chicago

☆ Energy sector is the best sector under Biden
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy sector is the best sector under BidenCNBC’s Pippa Stevens joins 'Power Lunch' to discuss the energy sector's performance under Biden.

Persons: Biden, Pippa Stevens Organizations: Email Energy

☆ Tech partnerships with power companies for AI in doubt after government rejects key Amazon agreement
▼ + stars: | 2024-11-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Technology companies' push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. Constellation Energy and Vistra Corp. tumbled nearly 8% and more than 3%, respectively, in sympathy. The Amazon data center campus can still use 300 megawatts of power from the Susquehanna nuclear plant, according to Talen. The FERC decision does not impact Constellation's plans to restart the Three Mile Island nuclear plant in 2028 through a power purchase agreement with Microsoft . Tech companies are increasingly turning to nuclear power because it is reliable and does not emit carbon dioxide emissions.

Persons: Vistra, Talen, Mark Christie Organizations: Federal Energy Regulatory Commission, Susquehanna, Independent, Talen Energy, Amazon, Constellation Energy, Vistra Corp, Microsoft, Tech, Nvidia, Constellation Locations: Pennsylvania, Susquehanna, Ohio, New Jersey, Talen

☆ Want to invest in China's hot EV market? The pros share their take
▼ + stars: | 2024-11-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

China's hot electric vehicle market has been gaining investor interest, and one analyst sees potential for the sector to grow further. "China's EV market is the largest in the world and also delivers fast growth," Vincent Sun, senior equity analyst at Morningstar said. This translates to a penetration rate of 49% of China's auto market in September. Sales of these vehicles in China's domestic market were up 66% year-on-year to 72,000 in September . Hsu said BYD and Tesla have a "good separation" because they are not seen as competitors in the Chinese market.

Persons: Vincent Sun, Morningstar, Sun —, Sun, Jason Hsu, There's, CNBC's, BYD, Tesla, Hsu Organizations: CNBC Pro, EV, Rayliant Global Locations: China, U.S

☆ European markets expected to open lower ahead of euro zone inflation data
▼ + stars: | 2024-10-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. LONDON — European markets were heading for a lower open Thursday as investors look ahead to the latest euro zone inflation data. The preliminary reading for October will be closely watched as it will inform the European Central Bank as to the trajectory of expected interest rate cuts. Flash economic data published Wednesday showed that the euro zone economy grew 0.4% in the third quarter of 2024, above the 0.2% rise expected by economists polled by Reuters. There are more earnings Thursday with Shell , Stellantis , Maersk , AB Inbev and Carlsberg reporting.

Persons: Rachel Reeves Organizations: London's FTSE, European Central Bank, Reuters, Shell, Maersk, AB Inbev, Carlsberg, Labour Locations: London, London's

☆ Gaming giant Take-Two is in talks to sell its Chartboost adtech division
▼ + stars: | 2024-10-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Take-Two Interactive is in talks to sell its adtech division Chartboost. AdvertisementTake-Two Interactive, the video games giant behind franchises like "NBA 2K24" and "Grand Theft Auto," is in talks to sell its adtech division Chartboost. Adtech companies AppLovin and LoopMe have emerged as potential buyers for the Chartboost assets, the people said. AdvertisementTake-Two acquired Chartboost through its 2022 $12.7 billion purchase of the mobile gaming company Zynga. AppLovin offers a similar, but larger, business to Chartboost — offering developers adtech to make money from their mobile games and find new users.

Persons: —, LoopMe, AppLovin, It's, Maggie Mesa, LUMA Organizations: AAA, Service, Business, Zynga, Mayfair Equity Partners, LUMA Partners Locations: FarmVille, Chartboost

☆ Trump's immigration crackdown could deplete the construction workforce and make housing more expensive
▼ + stars: | 2024-10-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +6 min

Related storiesA 2022 George W. Bush Institute study found that US metros with the highest immigrant population growth scored the lowest construction costs. Without the supply of these workers, history suggests housing costs are likely to rise. These could be significant, given that the construction industry would be competing against other immigrant-dependent sectors. Trump's campaign has implied that cracking down on immigration will help ease housing unaffordability by effectively removing one source of demand. Meanwhile, Trump's platform is also pushing another policy initiative that's unlikely to help housing costs: tariffs.

Persons: Donald Trump, —, Donald Trump's, doesn't bode, Jim Tobin, Tobin, George W, JD Vance Organizations: Service, Republican, National Association of Home Builders, Home Builders Institute, Bush, SC, Congressional

☆ Arthur Blank joins 'Business Leaders for Harris' as his former business partner funnels money to Trump
▼ + stars: | 2024-10-25 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Home Depot cofounder and billionaire Arthur Blank joins business leaders supporting Harris. The group "Business Leaders for Harris" also includes Mark Cuban, Reid Hoffman, and Reed Hastings. AdvertisementA group of prominent business leaders supporting Vice President Kamala Harris is expanding its ranks to include Arthur Blank, co-founder of Home Depot and owner of the Atlanta Falcons. In a statement about joining Business Leaders for Harris, Blank celebrated Harris' commitment to his core value of inclusion. In addition to Blank, Fulbright Bank chairman and former Democratic congressman John Delaney joined Business Leaders for Harris.

Persons: Arthur Blank, Harris, Mark Cuban, Reid Hoffman, Reed Hastings, —, Kamala Harris, Bernie Marcus, Donald Trump's, Marcus, MAGA, Marc Andreesen, Bill Ackman, Elon Musk, Trump, She's, Blank, John Delaney Organizations: Trump, Service, Home Depot, Atlanta Falcons, titans, Netflix, GOP, Depot, Blank, Business, Fulbright Bank, Democratic, YouTube Locations: Pennsylvania , Michigan, Wisconsin

☆ Big Tech is creating a new market for small nuclear reactors — these stocks are ways to play it
▼ + stars: | 2024-10-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Small modular reactors (SMRs) promise to reduce capital costs and accelerate construction timelines that typically plague nuclear plants, but the technology has struggled to reach the commercial stage. The difference now is the appetite of tech companies for fossil-free fuel. The market for SMRs could grow by two gigawatts to five gigawatts by 2035 assuming big tech companies make up a majority of the demand, Percoco said. The small, pure-play advanced reactor companies NuScale and Oklo are options, but their stocks are volatile and business outlook uncertain. SMR OKLO 1M mountain NuScale Power has climbed 54% and Oklo by 117% in the past month.

Persons: Paul Zimbardo, Morgan Stanley, Andrew Percoco, Percoco, Zimbardo, NuScale, Sam Altman, Kenneth Parks Organizations: Google, Jefferies, CNBC, Amazon, Tech, Microsoft, Constellation Energy, GE Vernova, GE Locations: Kairos, Pennsylvania, SMRs, Idaho, Ontario

☆ Billionaire investor David Einhorn says buying HP stock is a cheap way into the AI craze
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

David Einhorn said computer hardware maker HP could eventually benefit from AI. He said HP stock trading around 10x earnings looks "very reasonable." AdvertisementFamed hedge fund investor David Einhorn is eyeing a tech stock that could be an under-the-radar artificial intelligence play. One of these names is computer hardware firm HP, Einhorn told Bloomberg TV. The stock is trading 10 times earnings, pays a dividend yield of over 3%, and spends 100% of free cash flow paying shareholders, he said.

Persons: David Einhorn, —, Einhorn Organizations: HP, Service, Greenlight, Bloomberg, COVID, Robin Hood Investors Conference

☆ Top crypto PAC targets close House races as 2024 election hits final stages
▼ + stars: | 2024-10-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats. Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.

Persons: Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter Organizations: US, —, American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto Locations: Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah

☆ Venture capital is going to war over the election. Here's the data to prove it.
▼ + stars: | 2024-10-19 | by ( Rob Price | Melia Russell | ) www.businessinsider.com time to read: +10 min

VCs are lobbing cash at the presidential election and key congressional races, FEC data shows. This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.) Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.

Persons: Reid Hoffman, Kamala Harris, —, hasn't, Andreessen Horowitz, blockchain, Marc Andreessen, Ben Horowitz, a16z, Horowitz, Andreessen, Harris, megadonor Reid Hoffman, Keith Rabois, Kleiner Perkins, Michael Moritz, Shaun Maguire, Joe Manchin, Hoffman, Horowitz Hoffman, Joe Biden, Biden, Nikki Haley, Trump, Vinod Khosla, John Doerr, Doug Leone, Elon Musk, Melia Russell, Rob Price Organizations: Service, Federal, Commission, Yuga Labs, White, Republicans, Founders Fund, SpaceX, Khosla Ventures, Sequoia Capital, Sequoia Heritage, Business, Republican, Lincoln, Democratic, Democratic Party, Democratic Congressional, Sequoia, National Republican, Future Forward PAC, America PAC, Elon, Investors, splashy Hamptons, Harris Victory Fund, Harris Action Fund, Democratic National Committee Locations: Solana, Sequoia, West Virginia, New Hampshire

☆ Luxury stocks may be a risky China stimulus bet
▼ + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.

Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, —, Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH

☆ China pledges more financial support for 'whitelist' real estate projects
▼ + stars: | 2024-10-17 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

China vowed more financial support for real estate projects that fall under its so-called whitelist and to speed up banks lending of 4 trillion yuan ($561.8 billion) for such projects, according to the nation's housing ministry. A total of 2.23 trillion yuan has been approved in loans to whitelisted developers, and that figure is expected to exceed 4 trillion yuan by the end of this year, according to a senior official from the financial regulator. Real estate was also the leading gainer in Mainland China's CSI 300, advancing by nearly 5%. Days later, officials in a top-level meeting, chaired by Chinese president Xi Jinping, pledged to "halt the real estate market decline and spur a stable recovery." More than 50 cities across China had introduced policies to boost the real estate market, according to Chinese state media citing the housing ministry.

Persons: Ni, HSMPI, Pan Gongsheng, Xi Jinping, Goldman Sachs, —, — CNBC's Evelyn Cheng Organizations: National Financial Regulatory Administration, Investors, China's Ministry of Finance, Mainland, China's CSI, People Bank of China, National Bureau, Statistics Locations: China, Beijing, China's, Guangzhou, Shanghai, Shenzhen

Search resuls for: "sector's"

25 mentions found