Tag: China

How RMB Depreciation Affects Hong Kong’s Property Market

27 February 2017 - Despite the Renminbi’s (RMB) inclusion in the IMF’s Special Drawing Rights basket last year and the strengthening of the yuan exchange rate against the US dollar in recent weeks, according to analysts at Nomura, the RMB is forecasted to experience further depreciation in 2017. Expected to depreciate by as much as 5 per cent,  t

Professional qualification for property agents is cancelled in China

3 September 2014 - To simplify the excessive number of vocational qualifications, the State Council of China decided to cancel types of professional qualifications for 11 industries. The professional qualification for real estate agents has been placed at the top of the to-be-cancelled list. Market insiders said that the new regulation will reduce
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