Real Estate Growing & Slowing; No PBOC Repos This Week

Small Shanghai apartment sells for less than 10,000 yuan per sqm because the building hit another building. 上海一小区房价大跌:63平米房子仅卖40万

First and Second-Tier Land Sales Heat Up 一二线城市土地市场有所回暖 开发商加快抢地

Banks cut off credit to Shanghai developer, 30 buildings left unfinished 一线城市某房企遭各家银行停贷 已有30余项目烂尾
Following the Shanghai Wyatt of home funding strand breaks, another named Owen Shanghai housing prices buyers are troubled funds depleted, which is located in Jinshan District of Owen County Grand twice delayed the project submitted, lay unfinished for several months .

"We also hope to settle the matter as soon as possible, in the bank stopped lending, loan pumping case, entirely on its own funds and private loans to finance development projects, it is too painful." Owen Land Company, a sales charge of Shanghai person said, after nearly six months of consultations and negotiations with a third party company basically reached a purchase agreement, the agency's Shanghai branch has agreed to disk access, only to be instructed Beijing headquarters.

China Loosens Monetary Policy Further as PBOC Scraps Repo Sales
China’s central bank refrained from selling repurchase agreements for the first time since July, loosening monetary policy further as a report showed industrial companies’ profits fell by the most in two years.

The People’s Bank of China didn’t conduct any open-market operations in today’s auction window, after cutting interest rates last week for the first time since 2012. It last suspended sales of repos, which drain funds from the banking system, in the week of July 21 as initial public offerings boosted cash demand. Guotai Junan Securities Co. estimated such share sales tied up 1.6 trillion yuan ($261 billion) this week, while maturing repos injected a net 35 billion yuan.

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