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China’s smaller cities regain their mojo in March, as homebuyers return in droves, snapping a four-month deceleration in prices

The prices of China’s new homes snapped their four-month consecutive deceleration in March, recording a modest rebound last month as the easing of price-control regulations among the country’s far-flung smaller cities fuelled demand and prices.Prices advanced by 0.61 per cent in March, from February, at a faster monthly pace than the 0.53 per cent gain a month earlier, according to a Bloomberg calculation using National Bureau of Statistics data. New abodes cost more in March in 65 cities out… Source link

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Stocks blog: Can China, Hong Kong markets get back their mojo?

Yikes!  The bear claws were out swinging on Monday. Hong Kong and mainland markets lost 2 per cent chunks of their meaty run-ups this year. These were their worst daily losses of 2019. Reported earnings in Hong Kong have not perked up traders’ spirits. Watch China Vanke (2202 HK) today, which overnight reported full year net income 1.3 per cent below estimates. We’ll have more earnings today, including from Citic Bank (998 HK) and Evergrande (3333 HK).   So, it should be an exciting day in… Source link

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Will China lose its tech mojo as venture capital for start-ups gets harder to come by?

Investors are pouring capital into China’s more mature, later-stage tech companies, polarising the tech scene into established “decacorns” – private companies with valuations of US$10 billion or more – versus capital-hungry, start-ups. Unlisted technology giants are attracting bigger and bigger private fundraising rounds, leaving less on the table for start-ups who need to raise their first two critical rounds of financing to get off the ground and scale up. A polarised market in which early-stage financing is sidelined could frustrate entrepreneurship and stifle innovation. After all, it is that kind…

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