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[Brokerage Focus] Citic Sec expects the real estate industry in mainland China to continue to face multiple challenges in the short, medium and long term in the second half of the year.
Jingu Finance News | Citic Securities stated that the real estate industry is facing challenges and opportunities. It is expected that in the second half of 2024, the domestic real estate industry will continue to face multiple challenges in the short, medium, and long term. Prevention and resolution of risks in the real estate field are important contents of overall development and security. The bank believes that although forcing deleveraging without new capital may lead to sustained asset quality decline, excellent enterprises with financing channels will still reduce leverage to far lower levels in the medium and long term. There are fewer business opportunities in real estate development, but the requirement for precision farming in core cities is higher. This not only means that enterprises need
China Res Land has entered into a loan financing agreement with a bank for a fixed-term loan financing of up to 0.8 billion yuan.
China res land (01109) announced that on July 23, 2024, the company entered into a loan financing agreement with a bank for a maximum of 0.8 billion RMB as a borrower. The loan financing will be for a period of no more than three years from the date of the financing agreement.
China Res Land (01109.HK) received a loan of 0.8 billion yuan.
China Res Land (01109.HK) announced on July 23rd that on July 23rd, 2024, as a borrower, the company reached a loan financing agreement with a bank for a maximum of 0.8 billion RMB. The loan financing will be valid for no more than three years from the date of the financing agreement.
Express News | China Resources Land - Entered Into a Facility Agreement for a Term Loan Facility up to CNH800 Mln
Major bank ratings | Citigroup: It takes time for confidence in the mainland property market to recover, and a soft landing is taking shape. First choice for mainland real estate stocks are China Res Land and Ke Holdings.
According to a report by Citigroup, a survey of 3,000 households in mainland China's real estate market showed that 49% of sellers decided to retain cash or invest in stocks and bonds; only 19% gave up. 73% still prefer new buildings, but 60% require new housing units that have already been completed. 16% are looking for smaller areas; only 38% are more interested in buying after the recent policy announcements. 48% expect house prices to rise in the next two years; 38% budget an average of 0.158 million yuan for decoration. Citigroup believes that it will take time for confidence to recover in the mainland real estate market, and prefers stocks with cash flow and profitability under the trend of a soft landing, with a preference for Huawei as the first choice.
Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
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