(Beijing Comprehensive News) Although China's official implements a number of policies last year to support the real estate market, the fundamentals of real estate stocks are still weak.According to relevant statistics, in 2023, among the top 100 market value of Chinese listed real estate companies, nearly 90 % of the market value of enterprises has shrunk, and only 14 real estate -related enterprises have achieved market value growth.At the same time, the sensitivity of real estate stocks has gradually decreased.
According to the China Real Estate News report on Friday (January 5), from the perspective of the capital market, whether it is A shares or Hong Kong stocks, the overall performance of Chinese real estate stocks declined last year.The number of listed real estate companies with a market value of over 100 billion yuan (RMB and S $ 18.6 billion) has decreased from nine at the beginning of the year to seven at the end of the year, and the market value of these seven companies averaged a decline in 2023, of which Vanke A. Poly Development DevelopmentThe market value of China Resources Land has fallen by more than 30%throughout the year.Some property management stocks were dragged down by affiliated real estate companies, and the market value also fell sharply. Evergrande's property shrinks by 78.61%, and Country Garden services shrink 65.09%.
Kerry Research Center data shows that the number of companies in China's top 100 housing companies in 2023 decreased by nearly 70%of the number of companies, of which 31 of them decreased by more than 30%year -on -year, and private housing companies accounted for 27.
In the context of not significantly improved the dilemma of housing companies, according to incomplete statistics from public information, 12 housing companies have withdrawn from the capital market in 2023.
Although the market's overall performance was weak last year, real estate stocks had briefly recovered in July 2023.At that time, the meeting of the Political Bureau of the CPC Central Committee was made up to timely adjust and optimize real estate policies. Later, the Ministry of Housing and Construction, the Central Bank, and various governments issued a series of loose policies, which had a positive impact on investment emotions.However, the report pointed out that as the fundamentals of the real estate industry have not fundamentally improved, the rise in real estate stocks has not continued, and the sensitivity to the Profit policy is gradually declining.
Industry experts are cautious about the future of the industry.Hong Yan, chief economist of Sirui Group, accepted an interview with American Consumer News and Business Channel (CNBC) on January 4 that China's real estate industry will go through long -term adjustment.EssenceOther people in the industry believe that the decline in China's real estate stocks may improve in 2024, and believes that the industry's fundamentals will gradually improve after the policy relaxes.
The securities of housing companies said that the main pressure currently facing Chinese housing companies is financing and sales, and it is expected that future policies will also be targeted at these two aspects.With the support of continuous policy, some research institutions predict that high -energy urban markets will take the lead in recovery. Real Estate companies with high -quality land reserves and stable investment will benefit from market marginal improvement.
