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Next China, Hong Kong Stock Rally Will Likely Need Concrete Property Sector Policy
Hong Kong and China's stock market rally in May was driven by the re-rating of valuations to a more normalized level from the extremely bearish sentiment and investor positioning, thanks to the govern
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
Evergrande Real Estate has been compulsorily executed for 602 million yuan, with a cumulative execution of 76.6 billion yuan.
Jingu Finance News | According to legal litigation information from Tianyancha, on June 12th, Evergrande Real Estate Group Co., Ltd. added 9 new executed person information, with the total amount of executed symbols exceeding 602 million yuan, involving construction project contract disputes, bill recovery disputes and other cases, some of which include Sheyangjianshiye Co., Ltd. and Evergrande Group Co., Ltd. Risk information shows that Evergrande Real Estate Group Co., Ltd. currently has more than 800 executed person information, with a total amount of execution exceeding 76.6 billion yuan. In addition, the company also has multiple consumption restriction orders, dishonesty executed person (Lao Lai) and final case information.
Caught in the vortex of termination, PwC's business in China shocked.
PwC struggles to get away from the Evergrande fraud. According to Investor Web Xie Yingjie, the storm over the Evergrande financial fraud case has not stopped yet, and the latest entity implicated is the world's largest accounting firm, PricewaterhouseCoopers. At noon on June 3, China Cinda announced on the Hong Kong Stock Exchange that the term of employment of PwC Zhongtian and KPMG will end on the day of the 2023 annual shareholders' meeting. According to incomplete statistics, more than 10 A-share listed companies, including Guangdong Electric Power Development, Qingdao Port International, Tsingtao Brewery, and Shanghai Pharma, have announced in the past two months that they will no longer hire PricewaterhouseCoopers as their annual audit firm, mostly due to
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.
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