"China has unveiled its most sweeping rescue package to bail out real estate market"

This from media in Hong Kong on a Friday announcement from the People’s Bank of China and the China Banking and Insurance Regulatory Commission. Standard HK citing " people, asking not to be identified as the matter is private".

• a notice to financial institutions laying out plans to ensure the “stable and healthy development” of the property sector
• Unlike previous piecemeal steps, the latest notice includes 16 measures that range from addressing the liquidity Liquidity Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Read this Term crisis faced by developers to loosening down-payment requirements for homebuyers
• developers’ outstanding bank loans and trust borrowings due within the next six months can be extended for a year
• while repayment on their bonds can also be extended or swapped through negotiations

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The package would be the most comprehensive addressing of the property sector collapse and adds to moves to ease restrictions on COVID outbreaks also. This easing of the two biggest headwinds to China's economy is a positive sign for China and China-proxy trades.

Earlier:

• China COVID: Hard hit Haizhu District (Guangzhou) to restart public transit in some areas