China has rolled out its largest package to date aimed at bolstering the property market, reducing borrowing costs on $5.3 trillion in mortgages and lowering down-payment requirements for second homes. The People’s Bank of China will cut mortgage rates by an average of 0.5 percentage points and decrease the minimum down-payment ratio to 15%.
Related Posts
India’s semiconductor ambition grows with L&T joining chip effort
Larsen & Toubro Ltd will invest more than $300 million over three years to establish a fabless chipmaker. The company aims to design 15 semiconductor […]
India’s coal imports increase by 11 per cent in April-August period of FY25
India’s coal imports surged by 11.4% from April to August FY25, reaching 121.1 million tonnes, compared to 108.7 MT last year. Despite higher imports, coal […]
FPIs turn net sellers; pull out Rs 21,201 crore from equities in August so far
Foreign investors sold Rs 21,201 crore worth of shares in Indian equity markets in August, following continuous inflows in June and July. The selling was […]