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+--- Thread: China PBOC cuts property loan rates as economy sinka (/Thread-China-PBOC-cuts-property-loan-rates-as-economy-sinka)
China PBOC cuts property loan rates as economy sinka - sgbuffett - 16-05-2022
https://www.bloomberg.com/news/articles/2022-05-15/shanghai-adds-1-369-local-covid-cases-zero-outside-quarantine?srnd=prognosis
RE: China PBOC cuts property loan rates as economy sinka - kokee - 16-05-2022
whole world hiking rate yet china still print RMB non stop to cut rate, this total reflect how bad is china economy today.
china already too late to rescue china property now, how to no downpayment to buy property or cut rate now will only make china property collapse faster.
china economy & unemployment sinking at super fast rate, morons also know, no way to rescue now, 50% unemployment in china is coming very soon.
廣州樓市出大事！，杭州、重慶無壹幸免，疫情反復沖擊，“零首付”死灰復燃，百強房企集體腰斬，甚至買房打折送奧迪
明年：中國會有50%的就業人口失業，非常嚇人！！
RE: China PBOC cuts property loan rates as economy sinka - cityhantam - 16-05-2022
(16-05-2022, 06:05 AM)kokee Wrote: whole world hiking rate yet china still print RMB non stop to cut rate,
China still can cut rate while the whole world raises rate!
This shows how confident China is!
RE: China PBOC cuts property loan rates as economy sinka - sporeguy - 16-05-2022
Instead of posting from Bloomberg a western media with all the biased reporting why don't you post from Global Times! It's the People's Bank of China which initiated the cut in the mortgage rate! Read directly from the source for reason for the rate cut! You mean the analysts from Bloomberg know more than the People's Bank of China. That's why you people are like the deceptive western media - SELECTIVE reporting - and manifest clearly the underlying intent of the forumer who started the thread - there's a sinister plot to defame China!
Forumers here are all Internet savvy - and don't take us for fools! When posting know what you are posting otherwise it will backfire on you - and in the end you look like the biggest fool!
Read from the people who have first hand knowledge regarding the mortgage rate cut , and the REAL reason for it:
China cuts rate floors on mortgages for first-time homebuyers in pro-growth move.
China's central bank and banking and insurance regulator on Sunday moved to lower interest rate floors on mortgages for first-time homebuyers by 20 basis points (bps) off the benchmark loan prime rate (LPR), culminating a flurry of housing market-reviving moves across the country as part of a broader pro-growth push.
The differentiated move is intended to support inelastic housing demand, while curbing property speculation, experts said, reckoning the structural policy easing will stabilize the housing market. They also expected more measures to boost domestic demand as the country emphasizes capitalizing on the internal circulation of the economy amid global geopolitical uncertainty.
Apart from the 20 bps cut in the lower bound range of mortgage rates for first-time homebuyers, interest rate floors on mortgage lending for second-time homebuyers remain unchanged, read the momentous announcement on the website of the People's Bank of China (PBC), the country's central bank.
The PBC described the fresh move as a revised housing credit policy differentiation, as the country reiterates its stance that housing is for living, not speculation, and eyes fostering a steady and soundly developing real estate market.
https://www.globaltimes.cn/page/202205/1265687.shtml
RE: China PBOC cuts property loan rates as economy sinka - sporeguy - 16-05-2022
.... note let me EMPHASIZE again: THE RATE CUT is for FIRST TIME HOMEBUYERS!
RE: China PBOC cuts property loan rates as economy sinka - sporeguy - 16-05-2022
And for the forumers who are ignorant and knows little about the working of central banks please note:
"The rate cut is to boost domestic demand as the country emphasizes capitalizing on the INTERNAL CIRCULATION of the economy amid GLOBAL GEOPOLITICAL uncertainty.
Do you know what this means?! China's economy is not sinking as claimed by Bloomberg. What China is doing is to revive its own economy through internal consumption and stimulating economic growth within the country instead of RELYING on other countries which are having problems of their own - hyperinflation!
RE: China PBOC cuts property loan rates as economy sinka - ROFLMAO - 16-05-2022
(16-05-2022, 06:49 AM)sporeguy Wrote: And for the forumers who are ignorant and knows little about the working of central banks please note:
"The rate cut is to boost domestic demand as the country emphasizes capitalizing on the INTERNAL CIRCULATION of the economy amid GLOBAL GEOPOLITICAL uncertainty.
Do you know what this means?! China's economy is not sinking as claimed by Bloomberg. What China is doing is to revive its own economy through internal consumption and stimulating economic growth within the country instead of RELYING on other countries which are having problems of their own - hyperinflation!
More like you are an ignorant fool
RE: China PBOC cuts property loan rates as economy sinka - cityhantam - 16-05-2022
(16-05-2022, 08:38 AM)ROFLMAO Wrote: More like you are an ignorant fool
You love to chiak Angmoh sai?
RE: China PBOC cuts property loan rates as economy sinka - aloha - 16-05-2022
At least now TS got put link source leow .. unlike last time plagarise others and post as his views or posting 1 year old news to support his whatever shorts in the market.
RE: China PBOC cuts property loan rates as economy sinka - revealer - 16-05-2022
Real Estate and residential property development growth is about 25% of China's GDP. The slow down of this growth will affect China's GDP badly and therefore, China reduced the 5-year mortgage rate for housing for the first time from 4.6% to 4.4% for first home buyers.
https://www.straitstimes.com/business/property/china-cuts-mortgage-rate-floor-for-first-time-homebuyers
Will this help existing homeowners and save GDP from further sliding? Here are some information and thoughts
1. Existing homeowners will benefit 0.2% cuts in their mortgage rate if they are allowed to switch their terms of mortgage loans; but, will this much help to resolve the housing; is it too late too little?
2. Presently, the newly built home prices are dropping and new home sales are increasing at much higher rates; will this 0.2% mortgage rate reduction saves property prices from further "contractions"
![[Image: EeEG75X.png]](https://i.ibb.co/1ZffhJ7/EeEG75X.png)
3. When will China's property sectors recover?
Different analysts gave different opinions at different times. Some said end of this year, other said longer; this one said "no end at sight"
https://www.bloomberg.com/news/articles/2022-02-18/crisis-in-china-s-property-industry-deepens-with-no-end-in-sight
RE: China PBOC cuts property loan rates as economy sinka - watchfirst9 - 16-05-2022
(16-05-2022, 06:33 AM)sporeguy Wrote: Instead of posting from Bloomberg a western media with all the biased reporting why don't you post from Global Times! It's the People's Bank of China which initiated the cut in the mortgage rate! Read directly from the source for reason for the rate cut! You mean the analysts from Bloomberg know more than the People's Bank of China. That's why you people are like the deceptive western media - SELECTIVE reporting - and manifest clearly the underlying intent of the forumer who started the thread - there's a sinister plot to defame China!
Forumers here are all Internet savvy - and don't take us for fools! When posting know what you are posting otherwise it will backfire on you - and in the end you look like the biggest fool!
Read from the people who have first hand knowledge regarding the mortgage rate cut , and the REAL reason for it:
China cuts rate floors on mortgages for first-time homebuyers in pro-growth move.
China's central bank and banking and insurance regulator on Sunday moved to lower interest rate floors on mortgages for first-time homebuyers by 20 basis points (bps) off the benchmark loan prime rate (LPR), culminating a flurry of housing market-reviving moves across the country as part of a broader pro-growth push.
The differentiated move is intended to support inelastic housing demand, while curbing property speculation, experts said, reckoning the structural policy easing will stabilize the housing market. They also expected more measures to boost domestic demand as the country emphasizes capitalizing on the internal circulation of the economy amid global geopolitical uncertainty.
Apart from the 20 bps cut in the lower bound range of mortgage rates for first-time homebuyers, interest rate floors on mortgage lending for second-time homebuyers remain unchanged, read the momentous announcement on the website of the People's Bank of China (PBC), the country's central bank.
The PBC described the fresh move as a revised housing credit policy differentiation, as the country reiterates its stance that housing is for living, not speculation, and eyes fostering a steady and soundly developing real estate market.
https://www.globaltimes.cn/page/202205/1265687.shtml
For first timer nia.
http://www.china.org.cn/business/2022-05/16/content_78219325.htm
Not for investors
RE: China PBOC cuts property loan rates as economy sinka - sporeguy - 16-05-2022
(16-05-2022, 10:35 AM)watchfirst9 Wrote: For first timer nia.Investors = speculation
http://www.china.org.cn/business/2022-05/16/content_78219325.htm
Not for investors
RE: China PBOC cuts property loan rates as economy sinka - sgbuffett - 16-05-2022
The CCP is the only govt in the world who would engineer a real.estate slump and at the same time crush its most lucrative tech companies to the tune of 1 trillion dollars by intensify regulation....after that lock its whole economy down to maintain a zero covid policy that everyone including their friends in WHO tells time it won't work.
That is why the Chinese in China are on average the poorest Chinese in the world.
![[Image: Hc7ZeaF.jpg]](https://i.imgur.com/Hc7ZeaF.jpg)