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The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | Central Economic Work Conference: Continuing efforts to stabilize the real estate market and halt the decline.
After 14 years, returning to "moderately loose" monetary policy invigorates Assets in China! How to layout next?
On December 9, the Political Bureau of the Central Committee of the Communist Party of China held a meeting. The meeting emphasized the importance of economic work for next year and clearly proposed to 'stabilize the real estate and stock markets', 'implement a more proactive fiscal policy and moderately accommodative monetary policy', 'strengthen extraordinary counter-cyclical adjustments', and 'effectively combine policies'.
[Brokerage Focus] CCB International indicates that there are no signs of a bottoming out in the fundamentals of the Real Estate Industry.
Kingwo Financial News | CMB International released the Real Estate Outlook for 2025, expecting the annual sales growth rates for new homes in 2024 and 2025 to be -20% and -11%, reaching 7.4 and 7 trillion respectively, while the transaction volume for second-hand homes is projected to reach 7.1 and 7.5 trillion, officially becoming the dominant force in the real estate market. This is mainly based on 1) Policy: The effects of the already implemented policies are still lingering, and several measures are currently being put into action, which require time for observation. Hence, it is speculated that the likelihood of introducing major policies in the short term (such as lifting purchase restrictions in more first-tier cities) is relatively low. At the same time, the promotion of policies like stockpiling still faces challenges, making it difficult to significantly reduce inventory in 2025; 2) Supply.
Major rating | China Merchants International: Maintain the view of the domestic real estate Industry as "better than the market". The market is moving towards healthy development.
Gu Ronghui, on December 11, reported that CCB International released a Research Report stating that a recent channel survey found that suppressed rigid housing demand is being released, while investment demand has almost disappeared. It is believed that the current sales recovery in the mainland real estate market is mainly driven by rigid demand and replacement demand, which aligns more closely with the country's long-term development goals for the Real Estate Industry. The bank predicts that the total new housing sales this year will drop by 20% to 7.4 trillion yuan year-on-year, and next year will drop by 11% to 7 trillion yuan, with second-hand housing transactions reaching 7.1 trillion and 7.5 trillion yuan respectively. Looking ahead, the market is still expected to take time for the effects of the policies that have been introduced to become evident, but overall, the market is moving toward.
Hong Kong stocks are moving unusually | Mainland Real Estate stocks are rising significantly. The Political Bureau meeting emphasizes to "stabilize the property market". Institutions are Bullish on a year-end rally.
Mainland Real Estate stocks have risen sharply. As of the time of writing, RONSHINECHINA (03301) is up 10%, trading at HKD 0.55; SUNAC (01918) is up 6.9%, trading at HKD 2.79; SHIMAO GROUP (00813) is up 6.4%, trading at HKD 1.33.
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