China property shares rose dramatically after China proposed countermeasures to prevent risks in the debt-ridden real estate sector at the latest financial stability meeting. The scale of capital invested in the stock market was an extraordinary sign, Chinese media said. According to Chinese financial media Times Weekly on March 18, it seems that a financial war for China Concepts Stock already staged on the Hong Kong stock market and the “national team” has stepped in, “for example, the 60 percent surge in Sunac China is beyond its ordinary capital, not to mention that all property stocks are soaring, and ordinary retail investors and institutions do not have such a large amount of capital,” said a former securities business insider. Sunac China, China’s third-largest property developer headquartered in the northern coastal city of Tianjin, has 17 billion yuan ($2.67 billion) of onshore and offshore bonds maturing in 2022, and its issuer …
China Real Estate Stocks Climb ‘Extraordinarily’ Amid Debt Defaults Crisis
March 24, 2022
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