1041 GMT - Markets have priced in the challenging base that Chinese developers will face in 4Q if there isn't meaningful policy stimulus, HSBC analysts say in a note. However, HSBC thinks that investors are more focused on property companies' outlooks for 2026 and the sustainability of high-end demand. Meanwhile, the possible emergence of pent-up demand during the traditional peak season in September and October after a rough summer could be supportive, they say. Although Beijing isn't likely to unveil any detailed policies at the coming Fourth Plenum at the end of the month, investors will look for signs of accelerated inventory acquisition and a clearer funding plan for urban renewal, they say. HSBC prefers China Resources Land, Seazen Group and C&D International. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

October 06, 2025 06:41 ET (10:41 GMT)

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