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Hong Kong stocks climbed for a second day as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.
Navantia delivers the fifth Avante 2000 corvette, Unayzah, to the Saudi Arabian Navy.
(Bloomberg) -- President Xi Jinping is set to receive a briefing from Chinese regulators on financial markets, according to people with knowledge of the matter, underscoring an urgency in Beijing to prop up the country’s plunging stocks.Most Read from BloombergKing Charles Treated for Cancer in New Health Scare for MonarchyWhy NYC Apartment Buildings Are on Sale Now for 50% OffChina Tightens Some Trading Restrictions for Domestic and Offshore InvestorsEastern Europe’s Richest Woman Pivots $43 Bi
Cash-strapped developer Country Garden said on Saturday more than 30 of its projects had been listed by Chinese local governments as suitable for financing support, as authorities aim to inject liquidity into the crisis-hit sector. China's largest private property developer said in a statement to Reuters that its projects were included on the so-called "white lists" of the provinces of Heinan, Hubei, Sichuan, Shandong and the municipality Chongqing. Country Garden said the projects, after being added to the white lists, could receive financing support, which would in turn help...
China aims to ramp up financing for home projects in the coming days as part of its support measures, but banks' reluctance to lend to the crisis-hit sector will remain a major obstacle for the distressed developers who need fresh funding the most. Under the "project whitelist" mechanism, governments of 35 cities across the country are gearing up to recommend to banks residential projects that need financial support. Distressed developers are hoping the new mechanism will bring succor with some of their projects getting included in the whitelist.