China has introduced sweeping measures to support its struggling property sector, but analysts from S&P Ratings and CNBC caution that these efforts will take time to show results. Homebuyers' confidence depends partly on their economic outlook and whether they can receive apartments they have paid for but have yet to receive. Vice Premier He Lifeng stated that China will control the intertwined risks in the property sector, local government debt, and small local financial institutions. Moody's reports indicate that these policies could help alleviate immediate stress in the market. Additionally, China's mega banks are urging branch managers to lend to state-owned companies that buy unsold homes, showcasing strong support for the government's housing rescue package. Sentiment in China's property market is reportedly improving, with homebuyers in major cities actively seeking deals following the announcement of these stimulus measures.
MOODY'S: CHINA'S PROPERTY POLICIES COULD EASE SHORT-TERM PRESSURES
🇨🇳 #China will control #property sector risk, says vice premier - Reuters https://t.co/xMRKeRq8sb
China’s mega banks are urging branch managers to lend to state-owned companies that buy unsold homes, offering a quick show of support for the government’s housing rescue package unveiled https://t.co/ZZGvABKJis
1/2 SCMP: "Sentiment in China’s property market is improving, with homebuyers in some of the biggest cities rushing to sales offices to scout for deals, days after Beijing rolled out the strongest stimulus measures yet to rescue the troubled sector." https://t.co/S5Gyxj0HRT
Moody's report indicates that China's housing policies could help alleviate immediate stress in the market.
China will control property sector risk, says vice premier https://t.co/GpeOIPGjN1 https://t.co/ogOk47Uymu
⚠️ CHINA WILL CONTROL PROPERTY SECTOR RISK, SAYS VICE PREMIER Full Story → https://t.co/xpMPWwafwo China will control the intertwined risks in the property sector, local government debt and small local financial institutions, Vice Premier He Lifeng said on Tuesday. https://t.co/2OfFGOFwLy
China’s sweeping measures to prop up the property sector will need time to show results - CNBC https://t.co/uW6a8JaPxq
China's sweeping measures to prop up the property sector will need time to show results - CNBC https://t.co/ccH3Xl1w7G
S&P Ratings analysts say #China’s sweeping moves to increase support for real estate will take time to show results. Homebuyers’ confidence depends partly on their economic outlook, and whether they can receive apartments they have paid for but have yet to receive. S&P is still…