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China Holdings, Inc. (CHHL)
- Reuters
China regulators plan European investor meet to revive stocks, Bloomberg reports
Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), would speak with investors in Paris on Wednesday and London on Thursday at meetings where senior officials from the People’s Bank of China, National Financial Regulatory Administration and State Administration of Foreign Exchange are also expected to speak, the report said. Executives from 15 Chinese-listed companies, including China United Network Communications Ltd, CMOC Group Ltd and Ganfeng Lithium Group Co are also join the meetings, the report added.
- AFP
China offers to buy up commercial housing to boost property market
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing's most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis.The moves are some of Beijing's most ambitious yet in seeking to reverse a chronic crisis in the housing market.
- AFP
Chinese officials meet to mull support for developers: Bloomberg
Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.Among those plans could be a scheme by Beijing to have local governments purchase millions of unsold homes across the country, Bloomberg said.
