Survey: Chinese investors plan to reduce the preparation of the property market alloca

A latest survey found that the proportion of Chinese investors planned to reduce real estate allocation in the next year has reached a record level, highlighting the challenges faced by the Chinese government's injecting vitality into the real estate industry.

Comprehensive Bloomberg and Daily Economic News reports, the Emotional Survey report of investors released in the third quarter of 2023 released by the Yangtze River Business School on Wednesday (September 27) shows that in the third quarter of this year, it is planned to be planned in the next year in the next yearThe net proportion of interviewees who cut domestic real estate investment rose to 31.7%of the record, an increase of 32.5 percentage points from August 2020.

Investors' pessimistic expectations for house prices seem to be one of their cautious attitudes.The survey shows that the proportion of investors who are expected to increase in second -tier cities in first -tier cities will increase to 47.6%in the next year, setting the lowest record since the start of the 2018 investigation.

The investigation said that investors' expectations for Chinese real estate have been showing a downward trend since August 2020.Since September 2018, investors believe that the number of people with high housing prices has declined as a whole, and the number of people with basically reasonable house prices is on the rise.

The investigation report author Liu Jin and researcher Chen Hongya, a professor of accounting and finance at Yangtze River Business School, suggested that China's decision -making level should recently implement a slightly strong monetary policy to stabilize the property market.

However, investors are more optimistic about real estate fields.About 70%of respondents predict that China's domestic stock price will rise next year.About 58.5%of investors believe that China's GDP growth rate can exceed 5%in 2023.

The survey showed that in the third quarter of this year, investors' expectations for A shares decreased slightly compared with the previous issue, but it was still significantly better than the survey at the end of October 2022, which maintained stable overall.At the same time, investors have lowered their expectations for Hong Kong stocks, but since April 2021, investors' expectations for Hong Kong stocks have shown a trend as a whole.