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Property Sector Outperforms On Stimulus Hope

CHINA STOCKS

MNI (London) - Property sector outperformance was seen today, even as benchmark indices struggled.

  • The property rally was driven by Premier Li pointing to the need for stronger policy support for the sector in a bid to lift demand.
  • Li also reiterated that there is room for further macro policy easing.
  • Participants have welcomed already deployed policy support and firmer regulatory guidance under the new leadership at the CSRC, but equities now seem to be at the stage whereby they need further easing to be delivered in order to rally further.
  • That comes with the recent recovery in the CSI 300 faltering ahead of the mid-November ’23 highs.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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