Home sales drop as tough mortgage rules bite buyers

2010-06-10 11:40:36

Beijing's housing market has fallen sharply, hitting a record low last week, with industry experts warning that sales of homes are expected to go down even further.

China to issue five-year T-bonds at yield of 2.53%

2010-06-10 10:52:12

China will sell 28 billion yuan (about $4.1 billion) of five-year book-entry treasury bonds on June 10 at a yield of 2.53 percent, the Ministry of Finance (MOF) said in a statement Wednesday.

Minimum wage hike to bridge income gap

2010-06-04 10:55:02

The minimum monthly wage in Beijing will increase 20 percent, to 960 yuan, beginning July 1.

Mainland buyers push Christie's HK auction to $294m

2010-06-03 15:41:06

Paintings, imperial Chinese treasures and gems were auctioned for HK$2.29 billion ($294 million) in Hong Kong, the second-highest tally for a sale in the city, with mainland buyers paying top dollar for the rarest items.

Housing benefits best perk at work

2010-06-03 11:07:52

Corporate housing benefits are the most popular type of benefit among employees in Beijing, according to a survey released on Tuesday.

HK realtors make hay as mainland demand surges

2010-06-03 09:53:02

China's tightened real estate policies are encouraging mainland multimillionaires to snap up luxury apartments in Hong Kong, though some Hong Kong investors are finding mainland property prices more competitive.

Govt not ready to pull plug on trade-in subsidy

2010-06-02 11:19:51

Beijing municipal government has extended its subsidy program for household electrical appliances to continue boosting consumption.

No takers for insurance policy

2010-05-28 14:13:00

The first insurance policy to cover attacks on students on school grounds has been launched, but schools and parents show little interest in buying it.

Stormy proof sells for auto insurance claims

2010-05-27 13:20:52

As Beijing prepares for seasonal storms, car owners are also readying themselves to snap up certificates from the weather bureau capable of easing insurance claims.

Credit card payment rises 70 pct in 2009

2010-05-26 21:41:37

China's credit card transactions totaled 3.5 trillion yuan (512.45 billion U.S. dollars) in 2009, up 69.9 percent from a year earlier, said a report from the China Banking Association (CBA) Wednesday.

Auto insurer revs up coverage with loan option

2010-05-26 10:58:02

Beijing drivers waiting to have their cars repaired after collisions have long faced the frustration of paying to rent a car - or going without a vehicle altogether.

Bullion glitters as realty fizzles out

2010-05-26 10:12:59

The record high prices for the yellow metal this month, on the back of strong investor demand, has proved to be a windfall for bullion dealers and pawn shops.

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