China Real Estate_ Rebound not reversal, fiscal policy key to watch
standard chartered·2024-10-07 16:08
1 October 2024 | 4:14PM CST _ China Real Estate Rebound not reversal, fiscal policy key to watch In the evening of Sep-29/30, Shanghai, Guangzhou, Shenzhen and Beijing governments announced easing measures (Exhibit 1). We think the timing of these policy easing measures in T1 cities came in line with market expectation post central authorities' supportive stance to the property sector, though the magnitude of policy easing against market expectation was slightly divergent (Guangzhou/Shenzhen in line and Bei ...