Free Trial

MNI China Press Digest, Oct 25: LGBs, Property

MNI (Singapore)
     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Friday:
     China has mostly completed the issuances of new local government bonds
(LGBs) for this year, adding CNY3.04 trillion for the first ninth month, the
Securities Daily reported on Friday citing data by the Ministry of Finance. Over
40% of the funds are used to support ongoing projects, mostly transportation and
basic infrastructure, the newspaper said citing the ministry.
     China's housing prices are expected to decline through end of this year,
the China Securities Journal reported on Friday citing a report by the National
Academy of Economic Strategy under CASS. The average prices in 24 major Chinese
cities started to decrease in September following slower growth and the
transaction volume of second-hand housings also continued to decline, the
newspaper cited the report as saying.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.