China's SOEs Buying Excess Property a Major Step Forward in Rescue Plan
China's state-owned enterprises buying excess housing from the market could be a big leap forward in rescuing the country's property sector as it opens the door for direct public financing, ANZ Resear
China Jinmao (00817) achieved a cumulative contracted sales amount of 31.24 billion yuan in the first five months.
China Jinmao (00817) announced that in May 2024, the group obtained a contracted sales amount of RMB 7.22 billion and a contracted sales area of about 360,100 square meters.
Express News | China Jinmao Holdings Group Ltd - Contracted Sales RMB7,220 Mln for May
HTSC: China's mortgage rates may still have room to fall and remain bullish on the valuation repair of the real estate sector.
HTSC remains bullish on the real estate sector's valuation recovery, focusing on robust real estate developers with more resources in core cities and improved product capabilities, as well as property management companies with resilient performance, stable cash flow, and generous dividends.
China Property Firms Could Revamp Business Models Amid Consolidation -- Market Talk
China's property companies could transform their business models amid accelerating industry consolidation, Citi analysts say in a research note.
The Ministry of Housing and Urban-Rural Development announced that 16,800 old urban communities across the country have been renovated and reconstructed from January to April.
In 2024, the country plans to start the renovation of 54,000 old urban communities.
China Jinmao Sets EGM for Key Agreement Approvals
Open Source Securities: Inventory pressure still exists in the property market, and subsequent financing progress is still worth paying attention to
According to incomplete statistics from Open Source Securities, as of May 28, 2024, 14 provinces (including Shenzhen, Shanghai, and Guangzhou) have introduced “trade-in” policies for commercial housing. Among them, Jiangsu, Shandong, and Zhejiang have implemented the most cities. In terms of urban energy levels, first-tier cities Shenzhen, Shanghai, and Guangzhou have successively implemented “trade-in” policies, and third-tier cities have implemented more “trade-in” policies.
Insider Stock Buying Reaches CN¥12.2m On China Jinmao Holdings Group
In the last year, multiple insiders have substantially increased their holdings of China Jinmao Holdings Group Limited (HKG:817) stock, indicating that insiders' optimism about the company's prospects
China Jinmao Schedules 2023 AGM for Key Resolutions
CITIC Construction Investment Securities: China Real Estate Has Entered the “Consumer Goods Era”
To understand the current reality of real estate in China and the direction of China's real estate policy, we need to pay full attention to the fact that real estate in China has moved from one big era (era of investment goods) to another (era of consumer goods).
Open Source Securities: Real estate investment and sales data continued to be low in April, and the market is still adjusting
Open Source Securities released a research report saying that after the Politburo meeting on April 30, the central government introduced a number of loose home purchase loan policies. Various regions lifted purchase restrictions in core cities such as Hangzhou and Xi'an due to city policies. The policy side was more active than before.
SDIC Securities: The new real estate policy goes hand in hand, and the collection and storage of state-owned assets is expected to accelerate and continue to be optimistic about the performance of building materials in the good production chain
The real estate industry has ushered in major favorable policies. Purchase restrictions have been relaxed in many places, and mortgage relaxation policies have exceeded expectations. Trade-in and state-owned assets collection and storage are expected to accelerate. The sales side and financing side are taking multiple measures together to help the building materials industry recover demand and improve repayments, and priority benefits for consumer building materials in the real estate chain.
China Likely to Roll Out More Property Easing Measures, GS Says
China is likely to roll out more property easing measures, especially on the demand side, Goldman Sachs analysts say in a research note. China's new housing stimulus measures announced Friday could st
China Jinmao's Unit Acquires 49% Equity Interests in Chengdu Yuemao
China Jinmao's (HKG:0817) indirect unit Jinmao Xinan agreed to acquire 49% equity interests in Chengdu Yuemao from Jiaxing Zhenmao for a total consideration of 1.19 billion yuan, according to a filing
China Eases Mortgage Rules in Latest Push to Aid Property Sector
Beijing has eased mortgage rules and urged local governments to buy unsold houses in some of policy makers' boldest moves yet to revive the property sector. Financial regulators said Friday that they
China Jinmao Unit to Buy 49% Stake in Residential Project in China's Wuhou District
China Jinmao Unit to Buy 49% Stake in Residential Project in China's Wuhou District
Domestic housing stocks generally fell, Xuhui Holding Group (00884) fell 7.59%. Institutions say the current confidence of buyers has not recovered
Jinwu Financial News | Domestic housing stocks generally fell, Agile Group (03383) fell 15.71%, Xuhui Holding Group (00884) fell 7.59%, Sunac China (01918) fell 5.07%, Longguang Group (03380) fell 5.71%, Shimao Group (00813) fell 4.76%, and China Jinmao (00817) fell 4.05%. Open Source Securities said that judging from the overall performance of the real estate sector, under the pressure of carry-over gross margin and inventory depreciation, the performance of most leading housing enterprises was under pressure, but at the same time, in the process of clearing the industry, high-quality housing enterprises were steadily selling and acquiring land, and the debt structure was optimized and financed
CITIC Construction Investment's April Housing Enterprise Sales Financing Review: Sales Financing Continues to Decline, Intensive Relaxation of Purchase Restrictions Supports Recovery in Demand
In April, the top 100 real estate companies sold 34.1 billion yuan, down 47.0% year on year. The decline was slightly narrower by 0.2 percentage points from the previous month.
Huatai Securities: How much financial support is needed for real estate “trade-in”?
Real estate “trade-in” is expected to push the real estate supply and demand relationship towards a faster balance. After the Politburo meeting in April sets the tone, the urban scope and policy strength of real estate “trade-in” is expected to increase.
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