23/12 GBA Briefs

Huangpu eases home-buying: Following Guangzhou’s Nansha and Huadu district, Huangpu district eased its home-buying policy to allow the purchase of one suite from each of the family members of recognized talents, as well as the same treatment in home-buying of Hong Kong, Macau residents, and Singaporean residents working in the Knowledge City, as local registered residents. It became the first central district in not only Guangzhou, but the four top-tier cities, to ease the restriction on home-buying. Read more (in Chinese)

PBDC not for speculation: Mu Changchun, head of the People’s Bank of China’s digital currency research institute, said the new sovereign virtual currency is “a digital form of the yuan”, instead of “bitcoin or stable tokens which can be used for speculation or require the support of a basket of currencies”. Read more on SCMP.

Futian short of schooling quota: Some 7,000 children and 2,000 children face the possibility of being unable to attend primary and secondary schools, respectively, in Shenzhen’s Futian district, as the densely-populated district fails to meet the number of applications for schools starting next year. Read more (in Chinese)

Shenzhen import and export: Shenzhen’s value of imports and exports totaled 2.67 trillion yuan for the year to November, with an increase of 3.3% YoY. Mechanical and electronic products remain the majority of exports, accounting for around 80%. Read more (in Chinese)

Guangdong water resource management: Guangdong plans to finish the governance of more than 7,848 kilometres of waterbody over the next three years, adding up to more than 16,112 kilometres by the end of 2022, as part of its campaign to improve the water resource system in the region. Read more (in Chinese)

Vaping device maker files for HK IPO: Chinese vaping device maker Smoore International has filed for an IPO in Hong Kong, stating that the money raised, though unclear how much it would be, will be used to expand production capacity, automate production, increase investment in R&D, and acquire promising firms for future growth. Read more on Caixin.

Tell us what you think