The stock price of Chinese real estate developers soared on Wednesday (November 9th). Previously, the regulatory agency expanded a financing plan to support the issuance of bonds in the real estate industry in the crisis.
According to the Voice of China and the United States, the stocks of Xuhui Holdings Group (CIFI) rose by about 40%, Country Garden's stock price soared by 23%, and Longhu Group's stock price rose 17%.The real estate index of Hang Seng China's real estate index rose 8%.
The National Association of Financial Market Institutional Investors announced on Tuesday (8th) that one plan will be expand(About S $ 50 billion) bond financing.
This semi -official association under the Bank of China also said that the follow -up situation can be further expanded.
Alvin Cheung, deputy director of the Hong Kong Xincheng Securities, analyzed: "Although the plan may not help developers, the information released by the central government shows that the information released by the central government shows that the information releasedThe determination to stabilize the property market and the economy is boosting the mood of the market. "
The Bank of China has shot private real estate companies, just as the Chinese real estate developers have liabilities, lack of cash, and difficult to find new sources of funds to completeReal estate projects and pay to suppliers.In the past year, there have been many overseas debt defaults from real estate developers.
Recently, investors have been worried that the crisis is increasing, because it is believed that companies supported by the government are also arrears, such as Xuhui Holdings Group and Greenland Holdings.
Jefferies Financial Group analyst Chen Shujin (transliteration of Jefferies Financial Group) wrote in a report to customers: "We believe that after recent violations of the contract, we believe thatThis is a big step to help leading private developers to relieve liquidity. "
Chen Bu said, even so, in view of the weak real estate sales recovery, he still expects that the industry will have more debt defaults.
Nomura Securities predicts that because the long -term shrinking of new house sales may reduce the source of funds this year by 3.3 trillion yuan, the income brought by the expansion plan is unlikely enough to solve the financial difficulties of developers.
October, the Chinese real estate market continued to be sluggish, and data from the private sector showed that house prices and sales declined.
