In the Asian market in front of the market, many Chinese real estate developers have declined, and investors are frustrated.Earlier, the People's Bank of China has maintained a mortgage interest rate unchanged, which has exacerbated the outside world's concerns about China's real estate industry.
According to the Wall Street Journal, the stock price of real estate developers in Hong Kong and the mainland stock markets fell on Monday (August 21).
As of 12 pm, the development of Longhu Group and Xincheng fell 2.3%and 1.56%respectively.As for the mainland market, as of 11:30 in the morning, Poly's development fell 1.48%, and China Merchants snakes fell 2.16%.
It is reported that in August, the People's Bank of China will maintain a 5 -year loan market quotation interest rate, that is, the reference interest rate of the mortgage, which maintains a level of 4.2%, which disappoints traders;Take more support measures to revive the real estate market.At the same time, the quotation interest rate of the 1 -year loan market was reduced by 10 basis points, down to 3.45%, and the decrease was less than expected.
UBS economist said in a report that the real estate easing policy is relatively fragmented and gentle, and has not yet announced the "substantial" financial expenditure news.The investment bank said that since April, with the deepening of real estate, China's economic growth has slowed down.
The July economic activity data announced earlier this month showed that China was further cooling and fell into a tightness.
UBS joined the ranks of Morgan Chase and Barclays on Monday, which reduced the expectations of China's economic growth.Economists led by Wang Tao, the growth rate of China's GDP (GDP) in 2023 in 2023 is expected to reduce from the previous 5.2%to 4.8%.
