Foreign institutions upbeat on China's housing market
China News
June 28, 2024
International financial institutions, including Morgan Stanley, are expressing increased optimism about China's housing market following recent measures by Chinese authorities to revitalize the sector. These measures include reducing minimum downpayment ratios and abolishing commercial mortgage rate floors for first and second homes. Additionally, a new policy introduces a re-lending facility to assist local state-owned enterprises in purchasing commercial homes.