Understanding the Market | Chinese Real Estate Stocks Rise Collectively as Shenzhen Introduces New Housing Policies to Boost Demand; Institutions Claim Policy Strength Exceeds That of Beijing and Shanghai
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Chinese property stocks rose collectively in the morning session, with Country Garden up 10.42%, CIFI HOLD GP up 4.05%, CHINA VANKE up 3.07%, and SINO-OCEAN GP up 2.52%. Shenzhen released new housing market policies on September 5, relaxing purchase restrictions in non-core areas, and commercial loan rates will no longer differentiate between first and second homes. CITIC Securities pointed out that this policy is stronger than those in Beijing and Shanghai, aiming to stimulate housing demand in peripheral areas. The overall performance of real estate sales still relies on the implementation of policies to improve the supply-demand relationship
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