China's property sector needs more government support as crisis deepens
Publishing timestamp: 2023-11-20 23:44:24
Summary
China's property market is in need of more government support to prevent further deterioration. Existing home prices have fallen significantly, and outstanding property loans have decreased for the first time in history. The government has focused on boosting demand but has not addressed the credit risks faced by developers. The property sector troubles are worsening, and larger cities are experiencing declines in home prices. Policymakers have signaled more support, but further measures are needed. Shares of major property companies closed higher on Monday.
Sentiment: MIXED
Tickers: 1918-HK,
Keywords: sunac china holdings ltd, stock markets, markets, business news, market insider,