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China Index gains on $0.84/share takeover bid from Fang Holdings (NASDAQ:CIH)

China Index Holdings (CIH) shares gained 6% pre-market on Tuesday after it received a non-binding acquisition proposal from Fang Holdings (SFUNY).Fang Holdings, which operates a real. ....

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Chinese city is first to cut mortgage down payments

Major Chinese banks in the eastern city of Heze have cut mortgage down payments for some homebuyers, the first such move in the country to boost flagging housing demand, local media reported.
The big four state-run lenders Bank of China Ltd (中國銀行), Agricultural Bank of China Ltd (中國農業銀行), Industrial and Commercial Bank of China Ltd (中國工商銀行) and China Construction Bank Corp (中國建設銀行) lowered the down payment ratio for first-time homebuyers in the city of 8.8 million in Shandong Province to 20 percent from 30 percent, the reports said.
China News Service-backed Economic View and Shanghai-based Cailian reported on the cut ....

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