China November 2025 house prices
China New Home Prices -0.39% m/m
Used Homes Prices -0.66% m/m
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I seem to write something like this every month … This is a self feeding vicious cycle. Why buy a home when the price will soon fall? The indebted property sector continues to weigh on the Chinese economy. Stimulus and surprisingly resilient exports are a counter balance of sorts.
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Earlier:
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And, plenty of data to come from China soon:
This article was written by Eamonn Sheridan at investinglive.com.
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.
The previous close was 7.0546.
PBOC injected 130.9bn yuan via 7-day reverse repos at an unchanged rate of 1.40%
more to come
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Earlier:
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And, plenty of data to come from China soon:
This article was written by Eamonn Sheridan at investinglive.com.
iRobot, the maker of Roomba robot vacuums, has filed for Chapter 11 bankruptcy after reaching a restructuring agreement that hands control of the company to its main supplier and lender, Shenzhen Picea Robotics.
The Massachusetts-based company filed in Delaware on December 14. Under the plan, Shenzhen Picea will receive 100% of the equity in the reorganised business, while existing shareholders will be wiped out. Santrum Hong Kong is also involved in the restructuring.
iRobot said the process will allow it to continue operating as a going concern, meet employee obligations and pay suppliers in full during the court-supervised process. The filing follows years of declining earnings and mounting debt pressures.
This article was written by Eamonn Sheridan at investinglive.com.
China Vanke fails to win approval to delay $284 million bond payment.
China Vanke, one of the country’s largest state-backed property developers, said in a Hong Kong stock exchange filing on Monday that it failed to secure bondholder approval to delay a bond payment due the same day.
The rejection followed a three-day vote that ended late on Friday, preventing the company from pushing back repayment by one year. As a result, Vanke now faces a five-business-day grace period to pay 2 billion yuan ($284 million). The developer said it plans to convene a second bondholder meeting within that window to continue seeking a resolution.
Vanke, long viewed as one of China’s more financially resilient developers due to its partial state ownership and historically conservative balance sheet, has nonetheless come under pressure as the prolonged property downturn squeezes cash flows, home sales and refinancing options across the sector. The failed vote underscores the fragile confidence among creditors even toward higher-quality names in China’s struggling real estate industry.
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The setback raises fresh concerns over credit risk in China’s property sector, signalling that funding pressure is no longer confined to weaker developers and could keep investor sentiment cautious.
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Earlier (weeks ago)
This article was written by Eamonn Sheridan at investinglive.com.
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.
How the process works:
This article was written by Eamonn Sheridan at investinglive.com.
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