China is trying hard to get out of the economic crisis. AP
Keep bad news away. China is planning this from Monday, when it will suspend real-time transmission of foreign stock flows, with the aim of boosting confidence by eliminating potential flows of unfavorable data.
according to bloombergShanghai and Shenzhen exchanges will discontinue real-time display of local stock trading volume through trading links with Hong Kong and instead provide daily volume details along with the 10 most traded stocks via northbound channels. I plan to choose.
The announcement of the move sparked a rally in Chinese stocks, suggesting investors are receptive and shifting focus to positive factors such as attractive valuations and government efforts to ease the housing crisis. .
When announcing the decision on April 12, both exchanges indicated that the changes would take effect “within approximately one month,” without specifying an exact date. bloomberg report.
Nevertheless, according to Japanese people in Asiathe decision has raised concerns about data transparency among investors, noting in particular that the new regulations will affect the key trade link between Hong Kong and the mainland, which was established in 2014.
The housing crisis is deepening
Home prices in China slumped in March as the housing market continues to slump, with authorities in Beijing seeking emergency relief for the country's real estate crisis. business insider report.
According to data from the National Bureau of Statistics, both new and used real estate prices in China fell compared to the previous year. Specifically, new housing prices (excluding government-subsidized housing) in 70 cities fell 2.7% year-on-year in March, exceeding the 1.9% decline in February. The sustained decline in house prices highlights the challenges facing policymakers in stabilizing the housing market and addressing broader economic concerns.
The Chinese government's renewed interest in addressing the problem of surplus in the housing market signals a major shift in how senior officials view China's ongoing real estate problems. wall street journal Said. The changes set the stage for potential relief measures, ranging from unprecedented support for homebuyers to significant state investment aimed at buying up unsold properties.
Chinese policymakers' recent mention of plans to consider policies to digest existing housing stock has sparked widespread analysis, with experts saying this could lead to government concerns over an oversupply of apartments amid a long real estate recession. He emphasizes that this is the first time a leader has publicly acknowledged this. Furthermore, the point about optimizing new housing supply policies suggests that the government tends to expand public housing options. wall street journal report.
3rd general meeting scheduled for July
The Communist Party of China Central Committee is scheduled to hold its third plenary session in July, a long-awaited gathering poised to unveil a comprehensive reform blueprint. The plan aims not only to overcome economic challenges, but also to guide the nation towards sustainable growth, especially in the face of increasing global competition from the United States.
Observers and experts expect a series of policy reforms targeting key economic issues, including rising local government debt and pressing concerns over the volatile state of the real estate sector. SCMP report. This meeting is an important opportunity for China to strengthen its economic resilience and solidify its position on the world stage.
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