$利安-华侨证券恒生科技ETF(S$)(HST.SG)$ Bloomberg reported that John Lam, head of China and Hong Kong property research at UBS, said his view of China's property market has turned positive and expects a gradual recovery. Lam was the first to downgrade$中國恒大(03333.HK)$to Sell 3 years ago, 11 months before its debt default, which shocked the market at the time. According to the report, Lam predicted that m...
The negative outlook revision reflects increasing risks to China's public finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model. Fitch forecasts GDP growth to moderate to 4.5% in 2024. $碧桂園(02007.HK)$$龍湖集團(00960.HK)$$中國恒大(03333.HK)$$地產發展商(BK1019.HK)$$MSCI中國非必需消費ETF-Global X(CHIQ.US)$
China's Jan-Feb realestate development investment fell by 9.0% y/y to 1.184 trillion yuan. Jan-Feb residential housing sales areas tumbled 20.5% y/y to 1.137 trillion square meters, and the total sales plummeted by 29.3% y/y to 1.05 trillion yuan. Developing funds in place fell 24.1% y/y to 1.62 trillion yuan. Sentiment 92.13 $碧桂園(02007.HK)$$碧桂園服務(06098.HK)$$龍湖集團(00960.HK)$$萬科企業(02202.HK)$$中國恒大(03333.HK)$$恒大物業(06666.HK)$
$碧桂園(02007.HK)$announced that Ever Credit Limited has filed a winding-up petition against it at the High Court of Hong Kong yesterday (27 Feb). The petition is filed in relation to the non-payment of a term loan facility between the petitioner as lender and CG as borrower in the principal amount of approximately HK$1.6 billion, plus accrued interest. No winding-up order has been granted by the High Court to wind up the Company as...
Beijing needed to act faster to stem the erosion of confidence among domestic investors after slamming their real estate dreams. The inaction when it comes to direct stimulus (ie massive spending, consumer support) is a key sticking point w investors. This isn’t about foreign money manipulating Chinese markets. It’s more about domestic (and foreign) money giving up. Capitulation by the investing public despite govt reassurances of state fund buying. Can’t rule out a sharp bounce after s...
Both supply and demand for new homes experienced a significant drop of over 40% compared to the previous month. When compared to the same period in previous years since 2019, the market remained at a low level. In the 30 key cities, the supply decreased by 47% m/m but still increased by 16% y/y. Transaction volumes also fell both m/m and y...
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