PBOC Governor Sees Property Risks Abating -- Market Talk

Dow Jones

Jan 13, 2025

0744 GMT - China's central bank governor sees abating risks in the country's real-estate market, citing improving property transactions in recent months and striking an optimistic tone in the sector's outlook. "The risk level of the real-estate market has been greatly weakened, and the overall market transaction level has improved," Gov. Pan said at a forum, citing figures that showed consistent growth in property sales in 30 major Chinese cities both on a month-on-month and year-on-year basis since October. The central government's clarification that local government special bonds can be used to recover idle stock land, expand land storage and acquire stock commercial housing will accelerate the destocking of the real-estate market and help stabilize the market, Pan said. (singaporeeditors@dowjones.com)

(END) Dow Jones Newswires

January 13, 2025 02:45 ET (07:45 GMT)

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Pan said at a forum, citing figures that showed consistent growth in property sales in 30 major Chinese cities both on a month-on-month and year-on-year basis since October. The central government's clarification that local government special bonds can be used to recover idle stock land, expand land storage and acquire stock commercial housing will accelerate the destocking of the real-estate market and help stabilize the market, Pan said. (singaporeeditors@dowjones.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 02:45 ET (07:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PBOC Governor Sees Property Risks Abating -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPBOC Governor Sees Property Risks Abating -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-13 15:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0744 GMT - China's central bank governor sees abating risks in the country's real-estate market, citing improving property transactions in recent months and striking an optimistic tone in the sector's outlook. \"The risk level of the real-estate market has been greatly weakened, and the overall market transaction level has improved,\" Gov. Pan said at a forum, citing figures that showed consistent growth in property sales in 30 major Chinese cities both on a month-on-month and year-on-year basis since October. The central government's clarification that local government special bonds can be used to recover idle stock land, expand land storage and acquire stock commercial housing will accelerate the destocking of the real-estate market and help stabilize the market, Pan said. (singaporeeditors@dowjones.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 02:45 ET (07:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBOC","symbol_name":"PGIM S&P 500 Buffer 20 ETF - October","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503329126","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503329126","pubTimestamp":1736754300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0744 GMT - China's central bank governor sees abating risks in the country's real-estate market, citing improving property transactions in recent months and striking an optimistic tone in the sector's outlook. \"The risk level of the real-estate market has been greatly weakened, and the overall market transaction level has improved,\" Gov. Pan said at a forum, citing figures that showed consistent growth in property sales in 30 major Chinese cities both on a month-on-month and year-on-year basis since October. The central government's clarification that local government special bonds can be used to recover idle stock land, expand land storage and acquire stock commercial housing will accelerate the destocking of the real-estate market and help stabilize the market, Pan said. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBOC":"PGIM S&P 500 Buffer 20 ETF - October","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"中国人民银行行长认为房地产风险正在减弱——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"PBOC":1},"content_text":"0744 GMT - China's central bank governor sees abating risks in the country's real-estate market, citing improving property transactions in recent months and striking an optimistic tone in the sector's outlook. \"The risk level of the real-estate market has been greatly weakened, and the overall market transaction level has improved,\" Gov. Pan said at a forum, citing figures that showed consistent growth in property sales in 30 major Chinese cities both on a month-on-month and year-on-year basis since October. The central government's clarification that local government special bonds can be used to recover idle stock land, expand land storage and acquire stock commercial housing will accelerate the destocking of the real-estate market and help stabilize the market, Pan said. (singaporeeditors@dowjones.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2025 02:45 ET (07:45 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}