Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Solar /Cover Story: Are Chinese solar giants flying too close to the sun?</li><li>ASEAN Summit /: Chinese Premier Li Qiang to visit Indonesia for ASEAN Summit</li><li>Stocks /: China tightens oversight of program trading in stock market</li></ul>

Solar /Cover Story: Are Chinese solar giants flying too close to the sun?ASEAN Summit /: Chinese Premier Li Qiang to visit Indonesia for ASEAN SummitStocks /: China tightens oversight of program trading in stock market

CX Daily: Are Chinese Solar Giants Flying Too Close to the Sun?

Thematic (Sector/Industry)

<ul><li>China has extended a policy released last year to allow developers to postpone or swap their loans in an effort to shore up the country’s ailing real estate sector.</li><li>The policy was <a href="https://www.caixinglobal.com/2022-11-15/china-regulators-roll-out-property-rescue-for-embattled-developers-101965076.html" target="_blank" rel="noopener">first released</a> in November 2022 and includes 16 measures that aim to encourage financial institutions to set “reasonable” down payment ratios and interest rates to support demand for mortgages and allow a postponement of loan repayments to help builders complete construction projects.</li><li>Two of the 16 measures were originally valid for six months and expired in May. Property development loans from banks and trust firms could be extended up to a year if they were due within six months starting from November 11, 2022. </li></ul>

China has extended a policy released last year to allow developers to postpone or swap their loans in an effort to shore up the country’s ailing real estate sector.The policy was first released in November 2022 and includes 16 measures that aim to encourage financial institutions to set “reasonable” down payment ratios and interest rates to support demand for mortgages and allow a postponement of loan repayments to help builders complete construction projects.Two of the 16 measures were originally valid for six months and expired in May. Property development loans from banks and trust firms could be extended up to a year if they were due within six months starting from November 11, 2022. 

China Extends Policy to Take Pressure off Ailing Property Market

<ul><li>Natural gas /In Depth: China mulls scrapping fixed household gas rates as winter shortages loom</li><li>China-U.S. /: China, U.S. should prioritize setting up guiding principles for peaceful bilateral relationship, former Chinese ambassador says</li><li>Yellen /: Analysis: What does the market expect from Yellen’s China visit?</li></ul>

Natural gas /In Depth: China mulls scrapping fixed household gas rates as winter shortages loomChina-U.S. /: China, U.S. should prioritize setting up guiding principles for peaceful bilateral relationship, former Chinese ambassador saysYellen /: Analysis: What does the market expect from Yellen’s China visit?

CX Daily: China Mulls Scrapping Fixed Household Gas Rates as Winter Shortages Loom

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>NBS 2M23 sales value came flattish YoY, in line with our forecast.</li><li>However, it beat China funds ’ expectation and strongly beat foreign funds’expectation, thus driving today’s sector rally.</li><li>Looking at March, we expect even stronger March data (positive sales YoY) as 1) MTD sales of 30 major cities already recorded 24% growth YoY. 2) Our sales leading indicator GAIN was one of the highest in Feb, indicating very promising March. 3) Recent channel check in major cities suggests sales momentum to continue on stabilized property price and historically low mortgage rate. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NBS 2M23 sales value came flattish YoY, in line with our forecast.However, it beat China funds ’ expectation and strongly beat foreign funds’expectation, thus driving today’s sector rally.Looking at March, we expect even stronger March data (positive sales YoY) as 1) MTD sales of 30 major cities already recorded 24% growth YoY. 2) Our sales leading indicator GAIN was one of the highest in Feb, indicating very promising March. 3) Recent channel check in major cities suggests sales momentum to continue on stabilized property price and historically low mortgage rate. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Property Sector – NBS 2M23 data: Strong as expected

<ul><li>We saw another week of strong property data where new home/secondary home sales went up 23%/12% WoW.</li><li>This is in line with our sales leading index GAIN and our upgrade report that sales is more sustainable than what market thinks.</li><li>The solid housing recovery has also accelerated housing construction activities that its construction resumption rate recovered to 84.1%, higher than 2022 already, and only slightly lagging behind the infrastructure (87.3%) and government projects (88.2%). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We saw another week of strong property data where new home/secondary home sales went up 23%/12% WoW.This is in line with our sales leading index GAIN and our upgrade report that sales is more sustainable than what market thinks.The solid housing recovery has also accelerated housing construction activities that its construction resumption rate recovered to 84.1%, higher than 2022 already, and only slightly lagging behind the infrastructure (87.3%) and government projects (88.2%). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Property Sector – Property+ Weekly: Sales momentum accelerated on lower tier cities

China

China Vanke is a prominent real estate developer primarily focused on residential property sales, and is among the top three in China. The company has expanded its business to include investment properties such as commercial retail complexes, long-term leasing apartments, and logistical assets, alongside property management services. Founded in 1984, China Vanke is headquartered in Shenzhen, Guangdong, China.

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China Vanke (2202 HK)

CX Daily: Are Chinese Solar Giants Flying Too Close to the Sun?

Solar /Cover Story: Are Chinese solar giants flying too close to the sun? ASEAN Summit /: Chinese Premier Li Qiang to visit Indonesia for ASEAN...

Caixin Global

China Extends Policy to Take Pressure off Ailing Property Market

China has extended a policy released last year to allow developers to postpone or swap their loans in an effort to shore up the country’s ailing...

Caixin Global

CX Daily: China Mulls Scrapping Fixed Household Gas Rates as Winter Shortages Loom

Natural gas /In Depth: China mulls scrapping fixed household gas rates as winter shortages loom China-U.S. /: China, U.S. should prioritize...

Caixin Global

China Property Sector – NBS 2M23 data: Strong as expected

NBS 2M23 sales value came flattish YoY, in line with our forecast. However, it beat China funds ’ expectation and strongly beat foreign...

CMB International

China Property Sector – Property+ Weekly: Sales momentum accelerated on lower tier cities

This is in line with our sales leading index GAIN and our upgrade report that sales is more sustainable than what market thinks.

CMB International

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