China's real-estate stocks rise on prospects of further easing

China Aoyuan

18/02/2022 02:39

** Shares of real-estate developers listed in mainland China
and Hong Kong rise as investors expect further marginal easing 
    ** The CSI 300 Real Estate Index  .CSI000952  and the Hang
Seng Mainland Properties Index  .HSMPI  gain more than 2.5% each
    ** Down-payment ratio for first-time home buyers in Heze,
Shandong province was lowered to 20%, and analysts expect more
cities to follow suit  urn:newsml:reuters.com:*:nL4S2US2XC
    ** The policy, if implemented, would be a positive signal
and help boost market sentiment, potentially stimulating home
sales, said analysts
    ** Shares of developers Sunac China Holdings  1918.HK  climb
roughly 5%, while Shimao Group  0813.HK  and China Aoyuan
 3883.HK  rise more than 4% each 
    ** Local media reports said last week that the sector is
gaining easier access to presale proceeds from residential
projects - the latest move by authorities to ease the industry's
severe cash crunch, also in line with a Reuters report in Jan 
 urn:newsml:reuters.com:*:nL1N2UM04N urn:newsml:reuters.com:*:nL8N2TY0B7
    ** Other easing measures include urging banks to provide
appropriate lending to developers, simplifying the process for
issuance of inter-bank notes and asset-backed securities, and
not including M&A-related loans in the debt ratio caps for
state-owned enterprises  urn:newsml:reuters.com:*:nL4N2SR0QG
    

 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))