Market Insight | CN Mainland Real Estate Stocks Strengthen Again, Positive Impact of Fed Rate Cut on Domestic Mortgage Policies, Increased Probability of LPR Rate Cut Within the Year

Zhitong
2024.09.20 03:52
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CN Mainland Real Estate stocks strengthened again, with Midea Real Estate up 8.62%, Zhongliang Holdings up 6.67%, and China Jinmao up 4.48%. The Federal Reserve cut interest rates by 50 basis points, raising market expectations for a rate cut in China. Despite the unchanged LPR pricing in September, analysts believe that the probability of a rate cut is increasing, and the central bank may lower key policy rates in the fourth quarter to further reduce mortgage costs and boost home buying consumption