Netflix subscriber numbers re-ignite after chilly start to year
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Published date: 2025/11/09
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Sept 16 (Reuters) - Hong Kong stocks fell for the fourth straight day to a 10-month closing low, as shares of embattled Chinese developer China Evergrande Group tumbled to their lowest in a decade, sparking contagion fears.
As part of that move, analysts expect the embattled property sector, accounting for a quarter of the economy, 1st grade benchmarks to get more regulatory support, while internet firms will remain a crackdown target due to what Beijing says is disorderly capital expansion.
Since the end of last year, however, Beijing has taken a number of initiatives to help revive the cooling property sector, which included making it easier for large and state-owned developers to raise fund, easing the escrow accounts for pre-sale funds and allowing some local governments to lower mortgage rates and down-payment ratios.
As part of that move, analysts expect the embattled property sector, accounting for a quarter of the economy, 1st grade benchmarks to get more regulatory support, while internet firms will remain a crackdown target due to what Beijing says is disorderly capital expansion.
Since the end of last year, however, Beijing has taken a number of initiatives to help revive the cooling property sector, which included making it easier for large and state-owned developers to raise fund, easing the escrow accounts for pre-sale funds and allowing some local governments to lower mortgage rates and down-payment ratios.
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