Beijing has sent a strong signal that it aims to revive the housing market by allowing local governments to borrow up to $138 billion to purchase unsold homes. While this measure is seen as laying the foundation for future support, it is not considered sufficient by analysts, including Chan Ka Sing. According to People's Daily, there is speculation that more cities will announce cuts to mortgage interest rates and down payment ratios.
JPMorgan is 'positive' on China stocks and 'constructive' on real estate as Beijing props up markets https://t.co/dX8CjCmrNd
⚠️ JAPAN COMPANIES HOG THE SPOTLIGHT AS HEDGE FUNDS TOUT THEIR TOP ASIA PICKS Full Story → https://t.co/BZz7WbZgUB Japanese stocks were in focus at a hedge fund conference this week, accounting for most of the top Asia investment ideas as asset managers highlighted Japan…
1/2 The Chinese press seems eager to boost homebuying confidence. According to People's Daily, "China's property market is rife with speculation that more cities will announce cuts to mortgage interest rates and down payment ratios, as several... https://t.co/gwF4kXX5DI
JPMorgan sees Japan and India as bright spots in Asia's 'supremely interesting' equity and M&A markets https://t.co/RzpYgAMzim
Explainer: China's latest property market support package - its contents and what's at stake https://t.co/CVr9oZLCKM https://t.co/kLVwryH03Z
⚠️ EXPLAINER-CHINA'S LATEST PROPERTY MARKET SUPPORT PACKAGE - ITS CONTENTS AND WHAT'S AT STAKE Full Story → https://t.co/IN1wOWhtam https://t.co/NIgAA2DB0n
China’s rapidly aging population, shrinking labor force, and ongoing economic slowdown will likely prevent it from crossing the high-income threshold any time soon, argues @UWMadison’s @fuxianyi. https://t.co/eaVN43XgQL
🇨🇳 #China | Has Xi Really Changed His Mind on Housing and Consumption? – Bloomberg https://t.co/vgKU5hPuEQ https://t.co/mHv3x0oKrx
Yu Yongding challenges pessimistic narratives about the Chinese economy's performance – domestic consumption is probably higher, and household savings lower, than the critics think – and proposes ways to improve it further. https://t.co/nJU6Yi30bW
While policymakers and economists believe that the Chinese economy will achieve high-income status within the next two years, its ongoing slowdown and aging population make this highly unlikely. To avoid losing momentum, China must raise household dispos… https://t.co/Vfsd9zEKZv
WATCH: From @Breakingviews: Beijing has sent the strongest signal yet it wants to revive the housing market. Local governments can now borrow up to $138 billion to buy unsold homes. It is not enough, but lays foundations for support, Chan Ka Sing explains https://t.co/ltVCjbcJMn https://t.co/KEHTGi9tzh
From @Breakingviews: Beijing has sent the strongest signal yet it wants to revive the housing market. Local governments can now borrow up to $138 billion to buy unsold homes. It is not enough, but lays foundations for support, Chan Ka Sing explains https://t.co/d7MnFyOSaC https://t.co/2JSnlUgW3f