Understanding the Market | Chinese property stocks fell in the afternoon, with both investment and sales in the real estate sector under pressure in August. Institutions are focusing on the policy window period for real estate in September

Chinese property stocks fell in the afternoon, with RADIANCE HLDGS down 8.97%, R&F PROPERTIES down 8.11%, Sunac China down 5.65%, and SEAZEN down 3.32%. According to data from the National Bureau of Statistics, the sales area of newly built commercial housing from January to August decreased by 4.7% year-on-year, and real estate development investment decreased by 12.9% year-on-year. Xiangcai Securities pointed out that the market sales and investment are facing downward pressure and require policy support. Recently, Beijing, Shanghai, and Shenzhen have relaxed purchase restrictions, which will have a certain effect on transactions in the short term. Attention should be paid to the real estate policy window period in September