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2025-03-07 14:27:47 China is reportedly considering removing price restrictions on local governments' acquisition of existing commercial properties, indicating a more proactive policy stance, HSBC Global Research issued a research report saying. Investors previously expressed reservations about the positive outcome of the inventory clearance. This measure may change this expectation, and suggested that the government may redouble its efforts to clear excess inventory this year, providing upside to the full-year national sales forecast. HSBC Global Research estimated the spring sales peak season to maintain solid sales momentum, benefiting from a richer pipeline of new project launches as developers actively replenish their land banks since 2H24. Among the companies covered by the broker, CHINA RES LAND (01109.HK) and YUEXIU PROPERTY (00123.HK) were more active in the land market in 2H24. As such, the sales momentum of these two companies in the spring peak season may be supported by richer new saleable resources. The broker reiterated its preference for CHINA RES LAND, LONGFOR GROUP (00960.HK), CHINA RES MIXC (01209.HK) and KE Holdings (BEKE.US), all of which are rated at Buy. ~ AAStocks Financial News Web Site: www.aastocks.com | |