The bear market property party is underway in China on its new, that is old, ponzi fix for developers to spend their client’s deposits on sustaining the unsustainable:
Citigroup
- The potential easing will likely be executed at the local level on a case-by-case basis without a formal announcement, according to analysts including Griffin Chan
- The windows to implement the new rules could come late January before the Lunar New Year, and mid-March after the NPC annual meeting; the sector could see a better 2022 versus 2021 given more policy clarity since December
- News to have positive impact on share prices; Citi’s top picks include China Resources Land, Longfor, CIFI, Logan