Home 

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

Read More
Home 

Hong Kong insurance policies regain sparkle among mainland investors as yuan weakens

A weaker yuan and the new high-speed rail link brought more mainlanders to Hong Kong to buy life and health policies in the last quarter, a trend that local insurers expected to continue over the following months. British insurer Prudential, which has the largest insurance sales team in Hong Kong, saw income from the sale of life and health insurance policies to mainlanders increase by 23 per cent in the third quarter on year. “Mainlanders have returned to the market. We have seen an increase over the past six months,…

Read More