MCHS MATTHEWS CHINA DISCOVERY ACTIVE ETF
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This year, the cumulative issuance of real estate bonds decreased by 20% year-on-year, indicating a possible policy turning point.
Tail risk mitigation, configuration plate can seize the secondary securities selection opportunity.
First-time home loan interest rates in cities such as Hangzhou, Nanjing, and Suzhou have returned to the "3" level. The interest rate for provident fund loans may be even further reduced due to inversion.
Hangzhou, Nanjing, Suzhou and other places have successively adjusted mortgage interest rates. Industry insiders believe that in the current stabilization trend of the real estate market, cities raising the lower limit of mortgage interest rates have a certain significance as an indicator.
The sales of the top 100 real estate companies in Silver October have turned the corner, with over 80% performance growth compared to the previous month.
①Affected by favorable policies and real estate developers' promotions, the sales of the top 100 real estate companies in October achieved a year-over-year positive growth for the first time this year. ②Among them, 83 real estate companies saw a month-on-month sales increase, with 33 more compared to September; 38 real estate companies experienced a year-on-year sales growth, with 22 more than in September.
Rules for the normalization of existing house loan interest rates have arrived! Understand it in one article.
①Preliminary statistics show that as of October 28, 21 nationwide banks have completed batch adjustments, totaling 53.667 million transactions, reducing the outstanding housing loan interest rates by 25.2 trillion yuan. ②After this round of batch adjustments, the interest rates for existing housing loans have been reduced to 3.3%. If the gap between existing and new housing loan rates is greater than 30 basis points, it will drive a new round of reductions in existing housing loan rates.
First-tier cities' real estate market heats up in October: Guangzhou and Shenzhen lead the way, followed closely by Beijing and Shanghai.
1. It has been a month since the "stabilizing the decline" proposed at the end of the September Politburo meeting, with the first-tier city housing market heating up and the stabilizing trend becoming apparent; 2. Looking at the transaction data for October in first-tier cities, the market heat in Guangzhou and Shenzhen is significantly better than in Beijing and Shanghai.
shanghai real estate market new policy has been in effect for a month: market activity has significantly increased, both new and second-hand housing sales volumes have risen.
①From what we have observed, the willingness of home buyers to enter the market has significantly increased before the introduction of the new policy, and their market entry enthusiasm has greatly improved, with the home buyer decision-making cycle also shortened. ②Not only Shanghai, but also the four first-tier cities and hot cities have shown signs of market recovery across the country after the introduction of a package of real estate market optimization measures at the end of September.
The implementation of the 4 trillion 'white list' crediting is in progress. Real estate companies: Ensuring delivery is maintaining confidence.
① "Stable market confidence has multiple aspects and levels, with on-time delivery being one of the important aspects." ② "If pre-sale of existing houses is the higher goal, then the whitelist mechanism, considered by the industry as a bottom-line important measure, is to ensure that projects can be delivered, allowing home buyers to purchase with more peace of mind, which will play a quite solid role in strengthening market confidence."
Adjustment starting today! Major commercial banks are collectively adjusting the existing housing loan interest rates. Some small and medium-sized banks will complete the adjustment by the end of the month. A 1.25 million 25-year mortgage in Peking can sa
①Major commercial banks such as Industrial and Commercial, Agricultural, Bank of China, Construction, Communication, and Postal Savings Bank of China have collectively adjusted the interest rates of existing home loans that meet the criteria today, with some small and medium-sized banks expected to complete the process by the end of the month at the latest. ②With the combination of recent real estate support policies, there are certain signs of stabilizing and stopping the decline in the real estate market, and the phenomenon of early repayment has been alleviated.
Existing home loan interest rates are collectively adjusted today, with clients in shanghai seeing a reduction of 65 basis points in rates for those owning two properties.
Starting today, most existing home loans will undergo batch adjustments. State-owned major banks and other banks have already completed the adjustment of mortgage rates, while the adjustment process for some small to medium-sized banks may be slightly delayed.
Hangzhou's 8-year record of floor unit price has been broken. Greentown, after winning the national price king, has once again become the price king of Hangzhou.
①Hangzhou's 8-year floor price record has been broken. ②It is worth mentioning that before winning the Hangzhou unit land king, Greentown also won the national unit land king in the fourth batch of land auction activities in Shanghai this year.
After the new round of LPR cuts, the mortgage interest rates in many places are entering the '2' era. The minimum first-home commercial mortgage rates in Guangzhou and Dongguan will be lower than the provident fund interest rates.
①After the new round of LPR reduction, mortgage rates of many local commercial banks nationwide will enter the "2" era, and mortgage rates in places such as Guangzhou and Dongguan may be lower than provident fund loans. ②Many credit professionals from commercial banks in Guangzhou have responded that they are aware of the LPR adjustment and are waiting for the new mortgage rate adjustment notice from the bank. ③Insiders point out that there is also room for adjustment in the provident fund loan interest rates in the future; there is further room for LPR to be adjusted downward.
The 5-year LPR has dropped sharply by 60 basis points this year, refreshing the historical lowest record, and the real estate market is expected to welcome a "warm winter".
1. The central bank has lowered the loan market benchmark interest rate LPR for the third time this year, with a cumulative reduction of 60 basis points in the 5-year LPR, setting a new historical record. 2. "Interest rate cuts are conducive to stabilizing expectations in the real estate market. It is expected that some cities, especially first-tier and second-tier cities, will gradually stabilize, with the market quickly stabilizing, becoming a trend. It is expected that in the fourth quarter of 2024, a warm winter market will appear in certain market ranges."
In October, the LPR was lowered, and the LPR for more than 5 years has cumulatively decreased by 60 basis points this year. Existing house loan residents may save more than 0.24 million in interest.
①After the downward adjustment of the October LPR quote, it will drive a greater reduction in corporate and residential loan interest rates, thereby stimulating financing demand for the real economy, promoting consumption, expanding investment, boosting economic growth momentum, and driving a moderate rebound in commodity prices. ②Looking ahead, focusing on stabilizing and revitalizing the real estate market to boost economic growth momentum, drive a moderate rebound in commodity prices, there may still be some room for a downward adjustment of the LPR quote in 2025.
In September, the month-on-month decline in housing prices in 70 cities narrowed, enhancing the signal of real estate "stabilizing after the decline".
①In September, the selling prices of residential commodities are still in a downward trend, however, the downward trend has slightly slowed down, showing initial signs of improvement; ②Analysts predict that in October, the price declines of new and second-hand houses in 70 cities will further narrow.
Policy is bullish, why did the real estate sector fall instead? Public interpretation of the meeting of the Ministry of Housing and Urban-Rural Development and other five departments.
Why did the real estate sector fall instead under the bullish news? Public discussion on the Ministry of Housing and Urban-Rural Development's new policy of 'two increases'. Institutions pointed out that the combination of the Ministry of Housing and Urban-Rural Development conference and fiscalized debt policies reflects the strength of the policies.
shanghai introduces new housing provident fund policy to lower the threshold for purchasing second homes for improvement purposes.
①"In Shanghai, the commercial loan interest rate for the second housing is higher than the housing provident fund loan rate, so most home buyers choose a combination loan to reduce the monthly payment pressure. Therefore, adjusting the down payment ratio of the housing provident fund loan in Shanghai will play a certain role in reducing the threshold for this type of demand. " ② The analyst believes that the starting point of Shanghai's housing provident fund policy is to match the down payment ratio policy of commercial loans in order to further stimulate the vitality of demand for improved housing.
4 trillion crediting, one million sets of urban village renovations. Five departments jointly promote the stabilization of the real estate market with a heavyweight "combination of punches".
Five departments jointly exerting force, the real estate market's "combination punch" is coming in full force, parallel to the restructuring of millions of urban villages and a 4 trillion crediting scale, which will further boost confidence in the real estate market. Ni Hong expressed full confidence in the stabilizing real estate market. "China's real estate, under a series of policy influences, has undergone continuous adjustments over three years, and the market has already begun to stabilize. The relevant data for October will definitely be positive and optimistic."
In history, how much investment was driven by "monetization resettlement"?
According to swhy, from 2015 to 2018, the total scale of the shantytown redevelopment special loans reached 4.53 trillion yuan, with central subsidies/local self-owned funds estimated at a cumulative 0.63 trillion yuan, and other natured resource sources (including commercial banks loans, shantytown redevelopment special bonds) 1.09 trillion yuan, total investment of 6.26 trillion yuan.
332 units were sold out in 3 and a half hours. After optimizing the real estate policies, Shenzhen has seen a "sunlight disk".
According to the information disclosed by the Shenzhen Real Estate Association on the evening of October 13, this year there are only 7 projects in Shenzhen with a registration-to-closing ratio exceeding 1:1, but on the opening day, there was only the Hyde Park project which was a 'sunshine home' previously; Longhua Shenye Shangcheng Xuefu is the second 'sunshine plate' in Shenzhen this year. Not only in new homes, but also in the Shenzhen second-hand housing market, there are also relatively obvious signs of warming up.
Ministry of Finance releases major measures to stabilize the real estate market: Special bonds can be used to purchase existing properties, optimizing related tax policies.
1. Following the People's Bank of China and other three financial ministries, the Ministry of Finance has also released a major policy favorable to the stability of the real estate market; 2. Specifically, the Ministry of Finance has outlined the future direction of real estate financial policies from three aspects, namely allowing special bonds to be used for land reserves, allowing special bonds to purchase existing houses, and optimizing and improving relevant tax policies.