MOHURD Mandates Payment Guarantees to Curb Arrears The Ministry of Housing and Urban-Rural Development (MOHURD) is rolling out project payment guarantees across the board, pushing toward a "pay on demand" mechanism designed to prevent the chronic late payment of construction funds that has destabilized the sector. What the Policy Does * Project payment guarantees to be implemented nationwide * Objective: realize "pay on demand" settlement for contractors * Goal: guard against cons

A 14-Year Wait Nears Its End in Shenzhen's Nanshan After 14 years of stops and starts, the urban renewal of Liyuan Xincun in Shenzhen's Nanshan district has finally been revived — a vivid example of how a fresh wave of pro-renewal policies is unblocking long-stalled redevelopment projects. A Dream Deferred First mooted more than a decade ago, the Liyuan Xincun renewal had languished through multiple planning cycles, funding gaps, and shifting regulatory requirements. For residents, t

Changsha's Resale Market Beats Expectations in H1 2026 Changsha's second-hand housing market delivered an upbeat first half, with 34,530 pre-owned homes sold across the city's six central districts — up 2,822 units, or 8.9%, compared with the same period last year. H1 2026 By the Numbers * Second-hand homes sold: 34,530 units * Year-on-year increase: +8.9% (+2,822 units) * Versus H2 2025: +5.1% * Total transaction value: 34.1 billion yuan (up

Rongsheng Group Halts Trading on Six Bonds Rongsheng Group announced that six of its outstanding bonds were suspended from trading starting July 22, as the developer prepares to negotiate a new repayment plan with investors — the latest episode in China's ongoing developer debt restructuring saga. Suspension Details * Bonds suspended: six outstanding issues * Suspension start: July 22, 2026 * Reason: planning to negotiate a new repayment scheme with investors * Status: uncertaint

Six Ministries Mobilize 300 Billion Yuan for Affordable Housing Six central ministries are jointly advancing the deployment of a 300 billion yuan special relending facility for affordable housing — a flagship supply-side instrument designed to absorb unsold inventory and accelerate the delivery of social housing. Two-Pronged Support * 300 billion yuan affordable-housing relending program being rolled out * "Sell-one-buy-one" (sell one, buy one) personal income tax rebate extended t

Shandong Posts Strong H1 2026 Housing Figures Shandong Province reported commercial housing sales area exceeding 40 million square meters in the first half of 2026, with second-hand home transaction volumes growing particularly fast — a sign of resilient demand in one of China's most populous provinces. H1 2026 Key Figures * Commercial housing sales area: over 40 million sq m * Second-hand market: faster transaction growth * Urban renewal investment: 83.5 billion yuan completed

Tier-1 City Home Prices Climb for a Fourth Consecutive Month Home prices in China's tier-1 cities have now risen for four straight months, according to the latest market readings — a streak that has reignited talk of a genuine bottom in the country's hardest-hit property segment. Signals From the Ground In Beijing, one homeowner's listing reportedly went under contract within five days of hitting the market, with the buyer signing the purchase agreement just three

Green Town China Announces Surprise Leadership Reshuffle On the evening of July 23, 2026, Green Town China (Green Town China (绿城中国) stunned the market with a board announcement: Chairman Liu Chengyun resigned, and Acting Chief Executive Geng Zhongqiang also stepped down — triggering the company's first major leadership overhaul in 16 months. CCCC Veteran Takes the Reins The board appointed Zhao Hui, a 59-year-old veteran of parent group CCCC (China Communications Construction Company

PBOC Directs Banks to Cut Stock Mortgage Rates by 0.5 Points The People's Bank of China has explicitly guided commercial banks to bring outstanding mortgage rates down to a level close to newly issued loans, with an estimated average reduction of about 0.5 percentage points — a targeted relief measure for households who bought homes at higher rates in previous years. Direct Monthly Savings for Homeowners For the tens of millions of families who already own homes,

Six Ministries Unveil Coordinated Housing Rescue Package in July 2026 In a coordinated breakthrough, six central ministries jointly rolled out a landmark housing policy package in July 2026, headlined by a nationwide cut in minimum down payment ratios — a move analysts are calling the most significant demand-side easing since the property downturn began. Down Payment Ratios Slashed Nationwide * First-home down payment: cut to a uniform 15% nationwide * Second-home down payment: low

Good Housing Initiative Goes National: 90 Cities Introduce Subsidy Schemes China's "Good Housing" (好房子) initiative — the government's quality-focused housing upgrading program — is accelerating rapidly, with nearly 90 cities now offering housing subsidies or preferential policies. In a landmark case, Guangzhou approved its first "Good Housing" provident fund loan in just 5 working days, setting a new benchmark for mortgage processing efficiency. Key Developments * Nearly 90 cities h

Jianye Real Estate Divests Cultural Tourism Assets for 3 Billion Yuan in Survival Play Jianye Real Estate (建业地产) has completed the sale of two major cultural tourism projects for a combined 3 billion yuan, in a stark illustration of how mid-tier Chinese developers are being forced to liquidate assets to stay afloat amid the prolonged property sector downturn. Transaction Details * Asset seller: Jianye Real Estate (建业地产) * Assets sold: Two cultural tourism projects * Total consider

Poly Land Outbids Rivals for Prime Site Next to Guangzhou's Most Exclusive Retail District Poly Land has secured a premium residential-commercial plot adjacent to Guangzhou Taikoo Li — the city's ultra-high-end mixed-use development — in a hotly contested urban renewal auction that underscores continued appetite for prime central urban land among China's better-capitalized developers. Deal Highlights * Winner: Poly Land (保利发展) * Location: Adjacent to Guangzhou Taikoo Li, central Gu

China's CSRC Unleashes Harshest-Ever Insider Trading Regime for A-Share Market Effective July 27, 2026, China's most comprehensive overhaul of insider trading regulations in a decade enters into force — significantly strengthening oversight, widening the definition of "insider information," and closing longstanding loopholes that allowed some market participants to escape liability. Key Changes in the New Framework * Earlier identification of inside information sensitivity periods

China's Consumption Engine Revs Up: Services Retail Jumps 5.3% in H1 2026 China's total retail sales of consumer goods and services grew 2.7% year-on-year in H1 2026, with the services sector delivering an especially robust 5.3% expansion — signaling a broadening recovery in domestic consumption. Key Consumption Indicators — H1 2026 * Total consumer goods & services retail: +2.7% YoY * Services retail: +5.3% YoY * Final consumption expenditure contributed 2.1 percentage points to