Chinese real estate giant Country Garden is getting deeper and deeper in the financial crisis. When the National Bureau of Statistics of China responded to the incident, the problem was staged. As the real estate market policy was adjusted and optimized, the risks of real estate companies were expected to gradually resolve.
According to the Economic Observer, the spokesperson for the National Bureau of Statistics of China and Director of the Department of Statistics of the National Economic Comprehensive Statistics, Fu Linghui on Tuesday (August 15) at the National New Office of the National Office of CountryIt is said that the current real estate market is generally in the adjustment stage, and some real estate companies have encountered some difficulties, especially some leading housing companies' debt risks have exposed, affecting market expectations.
Fu Linghui said that the issue of the problems faced by real estate companies today is in terms of market adjustment mechanism. As the market adjustment mechanism has gradually played, the real estate market policy adjustment and optimization, and the risks of housing companies are expected to gradually resolve.
He also mentioned that the first -tier cities of Beishang, Guangzhou and Shenzhen have recently spoken intensively, saying that they must support and better meet the rigidity and improve the demand for housing.Some second and third -tier cities are also introducing new real estate regulation policies. The adjustment and optimization of real estate policies in various places can help boost market confidence.
Fu Linghui said that as the economy recovered, the income of residents increased, the real estate market optimization policy was effective, and the willingness of residential housing consumption and investment in real estate enterprises was expected to gradually improve.
Since the failure to pay two US dollar bond tickets on August 7, Country Garden crisis has emerged rapidly.The company admits that it has encountered difficulties in staged liquidity and said that due to sales and other reasons, it is expected to have a loss of up to RMB 55 billion (about S $ 10.3 billion) in the first half of the year.
Country Garden announced last Friday (August 11) that 11 bonds involving over 16 billion yuan were suspended on Monday to seek reorganization and further exacerbate market concerns.The company fell more than 16%in the Hong Kong stock market on Monday (August 14) to HK $ 0.82 (about S $ 0.14), which was a record low.
