Supportive comments from Chinese authorities on the property secotr are flowing through to property developer stocks and Chinese markets more broadly.
Supportive comments from Chinese authorities on the property secotr are flowing through to property developer stocks and Chinese markets more broadly.
Overnight developments:
The China Securities Regulatory Commission (CSRC)
- will support the transformation of the real estate development model
- will help high quality real-estate firms improve their balance sheet
- will increase access to credit, and support private enterprises to issue bonds and raise equity
PBOC:
- To meet reasonable financing demand of property sector
- strongly support recovery and expansion of consumption, key infrastructure, and construction of major projects in line with national development plan
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