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<Research>CMBI: CN Property Mkt Remains Key Focus for Stimulating Domestic Demand This Yr
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Regulatory authorities no longer require real estate companies to report the "Three Red Lines" metrics on a monthly basis, Chinese media quoted several sources close to Chinese developers as saying. However, some distressed property companies are required to periodically report financial indicators such as debt asset ratios. CMBI published a research report believing that the real estate market will remain a key focus for authorities in stimulating domestic demand this year. It is anticipated that policy departments will lower the LPR and implement initiatives such as finance discount, reducing the new mortgage interest rate from the current 3.1% to around 2.5%. Central finance and policy banks may support local governments in increasing their acquisition and storage efforts. AASTOCKS Financial News Website: www.aastocks.com |
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