0230 GMT - Guangzhou's removal of price controls for the property sector will help boost momentum in the new-home market, HSBC Global Research analysts write in a note. Guangzhou has started soliciting public opinion on its new plan to stimulate consumption, marking the first time the removal of property price controls has been explicitly announced since the sector downturn, they say. The move is a clear positive that is expected to drive prices higher and prompt other Chinese cities to follow suit, they add. It could also pave the way for reduced prices on older inventory, thereby speeding up cash collection for developers seeking to clear their inventory. Among sector stocks, HSBC Global Research has a buy rating on China Resources Land, China Jinmao and C&D Property Management. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 15, 2025 22:30 ET (02:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。