China has announced measures to support the ailing property market, aiming to increase the supply of affordable housing and boost demand. The move comes just weeks before the annual meeting of the national congress, where the ruling Communist Party will showcase its leadership. The real estate industry, which accounts for nearly a third of the country s economic activity, has been impacted by a crackdown on excessive borrowing.
Chinese authorities seem unlikely to deliver catalysts that would sustainably reverse negative investor sentiment, senior strategist Homin Lee says. Last week’s market-boosting measures prove insufficient.
Chinese stocks (and many of their investors) have been battered over the past few years, so much so that many investors have shunned them. Despite the seemingly never-ending pressure that most Chinese stocks have endured, more than a handful of Wall Street analysts continue to view a select few of them as intriguing investments. Undoubtedly, there’s a high degree of geopolitical risk in investing in any Chinese stock. And as the Chinese economy continues battling headwinds, questions linger as t
A string of supportive policies by Beijing including a deep cut to bank reserves helped lift Chinese stocks off five-year lows early last week but then they retreated again on Friday, reflecting deep investor pessimism over the outlook for markets and the shaky economy.
Over the past three years, about $6 trillion equivalent to roughly twice Britain’s annual economic output has been wiped off the value of Chinese and Hong Kong stocks, a media report said.