1⃣ China's Jan-Sept realestate development investment fell by 10.1% y/y to 7.87 trillion yuan. 2⃣Residential housing sales areas decline narrowed to -17.1% y/y at 703 million square meters, and the total sales down by 22.7% y/y to 6.89 trillion yuan. (narrowed) 3⃣Developing funds in place down 20.0% y/y(narrowed) to 7.89 trillion yuan. 4️⃣Sentiment 92.41 $LONGFOR GROUP (00960.HK)$$CG SERVICES (06098.HK)$$AGILE GROUP (03383.HK)$$EVERGRANDE (03333.HK)$
I’d be worried if the rate of decline does not significantly lessen in October given the reports of a more active buyer market since the National Day holiday. ALL CHINA SEPT NEW HOME PRICES -0.7% M/M (AUG -0.7%), -5.8% Y/Y (AUG -5.3%). STABILIZED M/M, WITH Y/Y DECLINES WIDENING. HOME PRICES FELL M/M IN 66 OF 70 CITIES VS. 67 IN AUG, FELL Y/Y IN 68 CITIES, VS 68 IN AUG. $CG SERVICES (06098.HK)$$LONGFOR GROUP (00960.HK)$$EVERGRANDE (03333.HK)$$AGILE GROUP (03383.HK)$
Today, it appears it has been successful based on the amount of approved loans made - DOUBLE the original budget. And now, Beijing is boosting that original budget by almost 3X to 4 trillion yuan. Seems as if a recovery was already starting to take form underneath the surface. Now, they are addressing the demand side with lower mortgage rates, easier ...
1) Renovation of 1 million urban villages and dilapidated buildings: Focused on supporting cities at the prefecture level and above. Development and policy-oriented financial institutions will provide special loans. Local governments will be allowed to issue special bonds. Tax and fee incentives will be offered. Commercial banks will issue loans based on evaluations. 2) Increase in credit for "white-listed" projects to 4 trillion yuan by year-en...
Money Thrill
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That's something, but probably not enough to support the stock market ... that's i want to see more. Cut taxes, for example? It's all for "house market" ?
That’s a bit of a let-down for investors who expected officials to unveil the value of additional special sovereign bonds at the presser. On steps to help big state banks to replenish their capital, Vice Finance Minister Liao Min said the ministry is waiting for the lenders to submit their specific plans, and that work is progressing. Banks that are listed ...
2⃣Residential housing sales areas decline narrowed to -17.1% y/y at 703 million square meters, and the total sales down by 22.7% y/y to 6.89 trillion yuan. (narrowed)
3⃣Developing funds in place down 20.0% y/y(narrowed) to 7.89 trillion yuan.
4️⃣Sentiment 92.41
$LONGFOR GROUP (00960.HK)$ $CG SERVICES (06098.HK)$ $AGILE GROUP (03383.HK)$ $EVERGRANDE (03333.HK)$
ALL CHINA SEPT NEW HOME PRICES -0.7% M/M (AUG -0.7%), -5.8% Y/Y (AUG -5.3%). STABILIZED M/M, WITH Y/Y DECLINES WIDENING.
HOME PRICES FELL M/M IN 66 OF 70 CITIES VS. 67 IN AUG, FELL Y/Y IN 68 CITIES, VS 68 IN AUG.
$CG SERVICES (06098.HK)$ $LONGFOR GROUP (00960.HK)$ $EVERGRANDE (03333.HK)$ $AGILE GROUP (03383.HK)$
Seems as if a recovery was already starting to take form underneath the surface. Now, they are addressing the demand side with lower mortgage rates, easier ...
HANG SENG INDEX TURNS NEGATIVE AFTER PREVIOUSLY RISING OVER 2%; HANG SENG TECH INDEX NARROWS GAINS TO 0.36%.
$RONSHINECHINA (03301.HK)$ $SUNAC (01918.HK)$ $KAISA GROUP (01638.HK)$ $SHIMAO GROUP (00813.HK)$ $CHINA VANKE (02202.HK)$ $SINO-OCEAN GP (03377.HK)$ $CIFI HOLD GP (00884.HK)$ $CHINA AOYUAN (03883.HK)$ $SEAZEN (01030.HK)$ $ZHENRO PPT (06158.HK)$ $AGILE GROUP (03383.HK)$ $LONGFOR GROUP (00960.HK)$ $LOGAN GROUP (03380.HK)$ $KWG GROUP (01813.HK)$ $POWERLONG (01238.HK)$ $CHINA JINMAO (00817.HK)$ $TIMES CHINA (01233.HK)$ $SUNAC SERVICES (01516.HK)$ $POWERLONG CM (09909.HK)$ $CG SERVICES (06098.HK)$ $S-ENJOY SERVICE (01755.HK)$
2) Increase in credit for "white-listed" projects to 4 trillion yuan by year-en...
$NASDAQ Golden Dragon China (.HXC.US)$ $LONGFOR GROUP (00960.HK)$ $EVERGRANDE (03333.HK)$ $CG SERVICES (06098.HK)$
On steps to help big state banks to replenish their capital, Vice Finance Minister Liao Min said the ministry is waiting for the lenders to submit their specific plans, and that work is progressing. Banks that are listed ...
$Diversified Energy (DEC.US)$ 24.17%
$Walgreens Boots Alliance (WBA.US)$ 15.85%
$Nu Skin Enterprises (NUS.US)$ 14.35%
$NextEra Energy Partners LP (NEP.US)$ 13.84%
$Western Asset High Income Fund II Inc (HIX.US)$ 13.00%
HONG KONG
$CITIC TELECOM (01883.HK)$ 10.77%
$FE HORIZON (03360.HK)$ 12.20%
$BINJIANG SER (03316.HK)$ 10.59%
$CONSUN PHARMA (01681.HK)$ 11.53%
$CHINA BLUECHEM (03983.HK)$ 10.51%
$NWS HOLDINGS (00659.HK)$ 29.77%
CHINA
$Jiangsu Pacific Quartz (603688.SH)$ 12.91% ...
Would be nice to get a figure for their plan to purchase unsold homes.
But overall very positive. They seem to have their eye on the ball and determined to bring it over the line for a touchdown.
$EVERG VEHICLE (00708.HK)$ $CG SERVICES (06098.HK)$ $NASDAQ Golden Dragon China (.HXC.US)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $Hang Seng Index (800000.HK)$
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