China's Property Sector in Crisis: Bailouts, State Backing, and Taiwan's Presidential Election
EconomyFinancial CrisesThe downward spiral of China's property sector continues, with risks spreading to state-owned builders and financial institutions' risk appetite expected to decrease. Chinese regulators are instructing banks to maintain real estate loan growth, and Beijing has drafted a list of 50 property firms eligible for massive bailouts. Meanwhile, Taiwan's presidential election is heating up with the KMT, DPP, and TPP parties vying for power.
China's Property Sector Crisis
⚠️The downward spiral of China's property sector shows no sign of abating, with risks spreading to state-owned builders.
⚠️Financial institutions' risk appetite is expected to decrease further, worsening the financial woes of developers.
⚠️Weakening industry fundamentals are dragging down the credit quality of rated developers.
⚠️Chinese regulators are instructing banks to maintain real estate loan growth and mortgage growth to keep money flowing to housing, even if it doesn't make business sense.
⚠️Beijing has drafted a list of 50 property firms eligible for massive bailouts, including China Wo Season Group Limited and Longfor Group Holdings Limited.
Taiwan's Presidential Election
⚠️The KMT and TPP parties cannot agree on a formula to determine the stronger candidate.
⚠️DPP's William Lie named Tai's former envoy to the United States Shia May Chin as his running mate.
⚠️The Kuomintang (KMT) is the main opponent of the Democratic Progressive Party (DPP) and favors maintaining the status quo in cross-strait relations.
⚠️The KMT has nominated H yoi as their presidential candidate, while the TPP has K as their candidate.
⚠️Terry G, the co-founder of Fox, has announced his candidacy as an independent for the presidential election in Taiwan.
FAQ
What is causing the crisis in China's property sector?
The weakening industry fundamentals and decreasing risk appetite of financial institutions are dragging down the credit quality of rated developers.
Why are Chinese regulators instructing banks to maintain real estate loan growth?
Chinese regulators want to keep money flowing to housing, even if it doesn't make business sense, to prevent a collapse in the property sector.
Who are the main contenders in Taiwan's presidential election?
The main contenders are the Kuomintang (KMT), the Democratic Progressive Party (DPP), and the Taiwan People's Party (TPP).
Who has been nominated as presidential candidates in Taiwan?
The KMT has nominated H yoi, the TPP has K, and Terry G has announced his candidacy as an independent.
What tactics is Beijing employing to influence the election in Taiwan?
Beijing is using Gray Zone tactics and promoting economic integration to influence the election in Taiwan.
Summary with Timestamps
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The downward spiral of China's property sector continues, with risks spreading to state-owned builders and financial institutions' risk appetite expected to decrease. Chinese regulators are instructing banks to maintain real estate loan growth, and Beijing has drafted a list of 50 property firms eligible for massive bailouts. Meanwhile, Taiwan's presidential election is heating up with the KMT, DPP, and TPP parties vying for power.
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