$BIDU-SW (09888.HK)$reported revenue of 33.9 billion yuan for the second quarter of 2024, slightly below the 34.1 billion yuan from the same period last year and falling short of the market expectation of 34.11 billion yuan. $NTES-S (09999.HK)$reported revenue of 25.5 billion yuan for the second quarter, falling short of the estimated 26.12 billion yuan. $COUNTRY GARDEN (02007.HK)$$CG SERVICES (06098.HK)$reported its first-half net profit at 1.44 billion yuan, decreased by 38.7% y/y. 1...
Galaxy Securities believes that export concerns are emerging, and growth-stabilizing policies need to be strengthened. With consumer spending remaining sluggish in the first half of the year and real estate investment continuing to bottom out, foreign trade's contribution to the economy has become increasingly prominent. If export growth slows down in the future, policies will need to be further strengthened to meet the annual economic growth target, and new policies and tools may be directed t...
Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures. Should reserve and launch a number of incremental policy measures ASAP. Domestic effective demand remains insufficient. Saw many risks and hidden dangers in key areas. It is necessary to strengthen counter-cyclical adjustments, a...
Promote better functioning of urban real estate financing coordination mechanisms and guide financial institutions to actively cooperate in resolving local government debt risks. The meeting emphasized focusing on preventing and controlling financial risks in key areas, prioritizing stability, and effectively managing risks in small and medium-sized financial institutions. It also stressed guiding financial institutions to improve their positioning and governance...
In 1994, China adjusted the tax distribution system and tax structure between the central and local governments. In 2013, China began allowing local governments to issue local bonds. And this year, more fiscal revenue will be transferred from the central to local governments. For example, the collection of the consumption tax will be moved downstream and stably allocated to local governments. The key points of the core d...
Will let the market play a decisive role in resource allocation. Will work on policies to build a positive environment and offer more opportunities for the non-public economy sector. Will formulate private economy improvement law. Strengthening antitrust operations. Will improve the convenience for foreign capital to invest equity and venture capital in China. Will optimize the layout of the state-owned econ...
The following factors highlight the continued insufficiency of demand:
The real estate sector is still undergoing a deep adjustment. In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government. Residents' e...
Stirling : Any property counters to recommend?
beedeebee Stirling : longfor is good, but already too high to chase.