Gary Ng

Rule Changes

Commenting publicly on China's September 2026 stimulus

China's central government will start paying part of the interest on new mortgages for first-time homebuyers on October 1. The subsidy covers 1 percentage point of annual interest on qualified loans for up to five years, the first time Beijing has directly subsidized commercial mortgage interest.

Updated Sep 30

Money Moves

Sees capital easing insurers' path into equities

Eight of China's largest state-owned banks and insurers will receive US$53.6 billion in fresh capital from the finance ministry. The 360 billion yuan injection, funded by special treasury bonds, is the biggest coordinated recapitalization since last year.

Updated Sep 7