From Morningstar: 2024-10-21 07:25:00

China’s Ministry of Housing and Urban-Rural Development announced new measures to stabilize the property market, including upsized credit support for projects. Property share prices dropped following the news, but longer-term outlook remains unchanged. Leading state-owned developers like CAOVF and CRBJF are seen as buying opportunities.

Authorities plan to offer cash subsidies for urban redevelopment and allow local governments to purchase idle land from developers. They also encourage investment in developers’ bonds and stocks to support credit quality. These initiatives are expected to provide renewed support to homebuilders’ credit quality.



Read more at Morningstar: China: Investors Unimpressed by Housing Measures,…