15 million houses to be rebuilt in shantytowns by 2020

The State Council plans to redevelop 15 million houses in shantytowns from 2018 to 2020 with increased financial aid, said Xinhua, citing an executive meeting on May 24. Six million homes in shantytowns would be reconstructed this year.
我国未来3年将改造棚户区1500万套

Domestic debt risk ‘controllable,’ says NDRC

The National Development and Reform Commission (NDRC) said China’s deleveraging efforts are showing signs of working, with leverage ratios at 255.6% at the end of the third quarter in 2016, and debt risk at “controllable” levels, a Shanghai Securities Journal report said on Wednesday, citing Bank of International Settlements data. Ratios for the US and UK stood at at 255.7% and 283.1%, respectively.
发改委：我国降杠杆工作成效显现 债务风险安全可控

Beijing plans to build more rental housing, limit new developments

The capital plans to tighten approvals on construction in 2017 to control the population in six urban districts and build 500,000 rental houses in five years, Caixin and the Paper said in reports. Rents would be the same as in public housing and the government would offer subsidies, the Paper added.
北京5年内将建50万套租赁住房：公租房价格，政府补差价
北京严控四环内新建用地 未来供地以存量转换为主

China Orient leads charge on local bad-debt clearing tie-ups

One of the country’s four biggest asset management companies (AMC) that clears bad debt has struck deals with AMCs in Ningbo and Suzhou, reported Securities Daily on Thursday. China Orient Asset Management is also in talks with local AMCs and governments in Beijing, Tianjin and Hebei as well as others in the central and western regions.
不良资产处置新格局渐成 中国东方牵手地方AMC

Yanjiao home prices decline 14% in a month

The Economic Observer said property prices in Yanjiao fell by 14% a month after Beijing brought in purchase restrictions on March 17, with the average in the second-hand market at 32,885.68 yuan per square meter (US$4,773 per square meter). The price declined to 28,745.96 yuan per square meter in the seventh week.
燕郊房价一个月下跌14% 炒房客甩货出逃

Citic Securities fined US$43.5 million over trading breaches

The China Securities Regulatory Commission revealed that in 2015 Citic Securities was fined more than 300 million yuan (US$43.5 million) and almost 62 million yuan confiscated after is financed and traded on margins for foreign companies from 2011, the Paper reported.
股灾期间为外资机构违规提供两融，中信证券被罚没近3.7亿

Haitong Securities fined US$362,802.58 for margin-trading violations

The China Securities Regulatory Commission fined Haitong Securities more than 2.5 million yuan (US$362,802.58) and seized 500,000 yuan after a warning over margin-trading violations, reported Shanghai Securities Journal on Thursday evening.
海通证券因融资融券违规遭证监会罚没逾300万元

Geely Auto buys 49.9% of Malaysia’s Proton

Hong Kong-based Geely Automotive bought 49.9% of Malaysian carmaker Proton from DRB-HICOM, Caixin reported on Wednesday evening. Parent company Zhejiang Geely Holding Group also acquired 51% of Proton’s British luxury car brand Lotus, the report said. The value of both deals were not disclosed.
吉利集团将收购大马宝腾汽车49.9%股份

Location of SOEs to determine third round of ownership reforms

The NDRC said the geographical location of state-owned enterprises (SOEs) will help determine the third round of mixed ownership reforms to create more “synergy,” the Economic Information Daily reported on Wednesday.
第三批混改试点将重点从地方选择