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Real-estate Market Value Hits New Low

CHINA PRESS
MNI (Singapore)

The market value of China's 334 real-estate companies was CNY3.38 trillion by the end of 2022, a decrease of CNY0.61 trillion compared with 2021, with both the total and average market value hitting new lows, according to a report by Shanghai E-House Real Estate Research Institute. Total market value continued to shrink in H1 2023. At least 11 A-share listed real-estate companies were labeled with delisting risk and the stock prices of eight companies have fallen to around CNY1 or below, according to the calculation of Yicai. (Source: Yicai)

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