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Home buyers, property sector bolstered by rate cut on existing mortgages

With interest rates for existing mortgages for first-home purchases lowered starting from Monday, some 40 millions borrowers in China will enjoy the benefit of this support policy in the property sector. The move is expected to spur consumption and investment amid current economic headwinds, experts said.

Liaoning provinceYan yuejinDong ximiaoMerchants union consumer finance coChina rd instituteNortheast chinaGlobal timesSouth chinaGuangdong provincePolitical bureauCommunist partyChina central committee

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Song dingLiaoning provinceYan yuejinPeople bankNational bureau of statisticsChina rd instituteGemdale groupChina development instituteInsurance regulatory commissionMacrolink groupGuangzhou yuetai groupNortheast chinaNational bureauChina bankingShenzhen based china development instituteGlobal times

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Yan yuejinFu linghuiPeople bankChina rd instituteInsurance regulatory commissionNational bureau of statisticsNational bureauShanghai basede house china rd instituteGlobal timesChina banking

Mass Arrests Made at China s Teetering Evergrande Property Giant

Chinese police descended upon the financial services arm of doomed property giant Evergrande on Saturday night, arresting numerous employees.

Du liangUnited statesHong kongYan yuejinNational bureau of statistics onEvergrande property services groupEvergrande financial wealth management companyEvergrande groupCountry garden holdingsEnergy vehicle groupChina evergrande groupChina rd instituteSouth china morning postGross domestic productGlobal timesChina evergrande new energy vehicle group

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Fu linghuiYan yuejinNational bureau of statisticsCloud technology groupChina rd instituteYangtze riverAnhui provinceEast chinaNational bureauZheng leiSamoyed cloud technology groupGlobal timesState councilShanghai basede house china rd institute