Home » China’s official media: the overall situation of real estate market risk is controllable and healthy development will not change | Reuters

China’s official media: the overall situation of real estate market risk is controllable and healthy development will not change | Reuters

by admin

Reuters, Shanghai, December 1-China’s official media-Economic Daily published a commentary on Wednesday that despite the current cold market, the risks of China’s real estate market are generally controllable and the overall trend of healthy development will not change. Financial institutions and financial market risk appetite for excessively shrinking behavior are being corrected, financing behavior and financial market prices are gradually returning to normal. Reasonable funding needs in the real estate sector can be met.

The article stated that the recent volatility in China’s real estate market and related financial markets is the stress response of market entities after individual corporate defaults.

The article pointed out that in addition to the cooling of the real estate market, the wait-and-see sentiment of the land market is also strong. Judging from the recent statements of the competent authorities, the financial policy of the real estate market will still focus on stability. However, it can be predicted that the stage where real estate companies rely on high leverage and high debt to achieve high profits may not be gone.

China’s national real estate development investment from January to October increased by 7.2% year-on-year, and the growth rate was lower than the 8.8% in January-September, continuing to hit the lowest level in the year, with an average growth of 6.8% in two years; the sales area of ​​commercial housing from January to October increased by 7.3% year-on-year , The sales of commercial housing increased by 11.8%, an average increase of 3.6% and 8.8% respectively in the two years. From January to September, it increased by 11.3% and 16.6% year-on-year, respectively.

See also  How to view and understand media reports on "growth hormone"?Changchun High-tech Secretary of the Board of Directors responded

The People’s Bank of China rarely announced a separate month-on-month increase in personal housing loans by more than 100 billion yuan in October. Xinhua News Agency and other state media subsequently reported that banks’ real estate loans in early November were further increased in late November. Then there was news that some banks received regulatory notices to relax real estate development loans to meet the reasonable needs of developers. (over)

Press Li Hongwei; Review Yang Shuzhen

.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy