property sector
Coverage of property sector in the Nexus archive.
- Why China must end the lucrative marriage between property and banks
China's government has taken over Wuhan-based Zhongbang Bank due to serious credit risks, signaling regulatory action against the property sector's financial entanglements. This follows a previous incident involving Shengjing Bank linked to the Evergrande debt crisis, highlighting concerns over the sector's debt.
- 5 years after Evergrande, why a China think tank says stock market signals a turnaround
The Evergrande debt crisis highlighted vulnerabilities in China's property sector. A Beijing-based think tank, the China Finance 40 Forum, reports that the stock market is supported by a favorable macroeconomic environment, citing inflation bottoming out and real interest rates adjusting.
- Berkshire buys homebuilder Taylor Morrison for $8.5bn in Abel’s first big deal
Berkshire has acquired homebuilder Taylor Morrison for $8.5 billion in a significant move under new CEO Abel. The acquisition is positioned as a strategic bet on the eventual recovery of the property sector.