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| HSI1 | 24,642.51 | +132.42 | 177.48B |
| HSCEI1 | 8,216.84 | +51.06 | 51.28B |
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2026-09-28 12:57:40 After the launch of the "828" policy for China's property sector, Beijing became the first major city to release local-level implementation guidelines on September 24, JPMorgan said in a research report. The overall direction was broadly in line with JPM's expectations. Although there were certain relief measures for developers, including allowing installment payments for land transfer fees and permitting existing projects to continue using old regulations, the broker remained most concerned about the timing of mortgage disbursement, which still requires project completion before loans can be released, indicating that the policy remains strict. The broker assumed the potential re-rating opportunity for China property stocks will come when home prices stabilize and more signs of margin recovery emerge, which it expected may occur next year. Its top picks remain CHINA RES MIXC (01209.HK), CHINA RES LAND (01109.HK) and KE Holdings Inc (BEKE.US). The broker also advised investors to sell financially troubled developers such as CHINA VANKE (02202.HK) during sector rebounds. ~ AASTOCKS Financial News Website: www.aastocks.com | |