Wu Xiaomeng

3 days ago | caixinglobal.com | Chen Bo |Wu Xiaomeng |Qing Na

Explore the story in 3 minutesChina is gradually shifting from a decades-old housing presale system to a model emphasizing the sale of completed homes in response to a persistent real estate slump. This transition aims to address key issues in the presale model, most notably the misappropriation of presale funds—which were often diverted from construction to land acquisition due to lax supervision—leading to liquidity crises and a mounting number of unfinished housing projects.

3 days ago | caixinglobal.com | Chen Bo |Wu Xiaomeng |Qing Na

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China is steering away from a housing presale system that has been in place for more than three decades to one that encourages the sale of completed homes, as part of the country’s efforts to arrest the protracted real estate slump.

1 month ago | caixinglobal.com | Qing Na |Ding Feng |Wang Shiyu |Wu Xiaomeng

Explore the story in 3 minutesThe Chinese government has intensified its support for exporters through two expanded trade credit insurance programs to counter increasing uncertainties in the country’s export sector, primarily amid the ongoing tariff war with the United States.

1 month ago | caixinglobal.com | Wang Shiyu |Wu Xiaomeng |Quan Yue |Wu Yujian

同样是在股市开盘之前的上午9点，同样是中国人民银行、国家金融监督管理总局（下称“金监总局”）、证监会“一把手”悉数鱼贯而出，2025年5月7日在国务院新闻办公室举行的“一揽子金融政策支持稳市场稳预期”新闻发布会，吸引了国内外市场的目光。此前，央行、金监总局、证监会“一把手”在2024年9月24日的国新办发布会上，宣布了一系列金融支持经济高质量增长的增量政策。 At 9 a.m., ahead of the stock market’s opening, the heads of the People’s Bank of China, the National Financial Regulatory Administration (NFRA), and the China Securities Regulatory Commission (CSRC) made a coordinated appearance.

2 months ago | caixinglobal.com | Wu Xiaomeng |Zhu Liangtao |Fan Qianchan |Qing Na

Explore the story in 3 minutesChinese banks are increasingly optimistic about their international ventures, as their overseas operations show significant growth in profits compared to domestic struggles. The Industrial and Commercial Bank of China (ICBC) reported a 19% rise in pretax profits from its overseas institutions last year, reaching $4.4 billion as total assets expanded by 4% to over $430 billion [para. 2].