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China's housing prices up 7.8% in December 2009

2010-01-14 14:03:44

Housing prices in China's 70 large and medium-sized cities rose 7.8 percent in December 2009 from a year earlier, up 1.5 percent compared to the previous month, said the National Bureau of Statistics on Thursday.

Affordable housing for needy on the way

2010-01-14 07:50:17

China plans to restructure shanty towns in the country and clear up idle land to increase land supply, in the latest efforts to add more affordable housing for low-income families, government officials said yesterday.

Investors shrug off bubble talk

2010-01-09 07:45:37

International investors do not anticipate any burst in the property bubble for now and continue to remain bullish even as the government is taking steps to cool the sector.

Glittering gold scales new peak

2010-01-06 08:04:48

The yellow metal's allure as a solid, tangible, intrinsically valuable store of wealth seems to be growing further in China with the nation soon set to surpass India as the biggest consumer.

Rush to buy real estate despite high prices

2009-12-30 07:54:03

A majority of Beijing residents are concerned about unaffordable housing prices in the city, a new central bank survey said.

Life insurers rake in 64.2b yuan in November

2009-12-28 17:17:07

China's life insurance companies saw their premium income jump by 48.52 percent year-on-year to 64.2 billion yuan in November marking the largest increase this year, the industry regulator said at the weekend.

China to resume harsher property sales tax to curb speculation

2009-12-23 16:31:12

The Chinese government will resume a harsher property sales tax to curb speculation in the housing market from January 1 of next year, the Ministry of Finance announced Wednesday. 

Pension rules proposed to help those near retirement

2009-12-23 07:53:17

The Law Committee of the NPC has proposed modifying the current pension system so that retirees who have not fulfilled contribution requirements will still be eligible for a pension if they continue to contribute after retirement.

Fund managers can charge extra for early selling

2009-12-18 16:13:48

Open-ended fund management companies will be allowed to charge extra fees from the investors who sell within a month after buying in under a new regulation that takes effect on March 15, 2010.

Investors pawn houses for cash

2009-12-18 07:56:12

There has been an increase in the number of Beijingers pawning their apartments as they attempt to secure quick cash to buy new properties before the end of a tax exemption policy on Jan 1, pawnbrokers say.

Urban residents show more willingness to invest, spend: survey

2009-12-17 14:37:29

Chinese urban residents showed more willingness to invest and spend in the fourth quarter this year, according to a survey launched by the nation's central bank.

Fueled by 'now or never' view

2009-12-16 07:43:01

The rush to purchase property in the financial hub of the country, whipped into froth by the prophecy of short supply, has probably never been greater.

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