www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Biz
Property still scrutinized
2010-May-31 07:57:27

Effects of tightening credit not yet certain, say analysts and observers

BEIJING - Uncertainties about Beijing's property tightening cast a shadow on the recent gains in the A-share market as investors worried that the government may roll out more stringent measures if the current policies are not effective in cooling property market, analysts said.

Property stocks, the worst-performing sector this year, rebounded last week as the central government seemed to be slamming the brakes on its price tightening measures. But fluctuations in the sector indicated that uncertainties about the outlook of the property market still linger.

"If the developers maintain high prices, the government may implement even harsher measures that are likely to target real estate companies by controlling bank loans to them," said Wei Fengchun, an analyst at China Securities.

The property sector has declined more than 30 percent since April on concern the government crackdown on property speculation will hurt corporate earnings and slow down the overall economy. The Securities Times reported that Shanghai may soon begin trials of a property tax. It added details for collecting the tax will be discussed by the city government soon.

Although the valuations of China's property stocks are at an historic low level, Xia Junjie, a portfolio manager at Lion Fund, which oversees about $7.5 billion in assets, said the property sector was unlikely to rebound until the third quarter when measures to curb the record growth in prices take effect. "It's still too early to say that government measures have begun to work," said Xia. "The government will likely take time to evaluate the efficacy of its measures and not introduce additional controls in the meantime."

The benchmark Shanghai Composite Index has regained the 2,600-point territory after slumping nearly 20 percent from the November peak of 3,338.66 points last year.

Independent economist Andy Xie said China needed a property crash for stocks to return to a bull market because that would jolt investors into switching money to equities. But Zhang Qi, an analyst at Haitong securities, said the capital diverted from the depressed property sector was unlikely to be significant enough to trigger a bull run in the stock market.

Bloomberg contributed to the story

China Daily

(China Daily 05/31/2010 page14)

[Jump to ]
Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
ChinaDaily Mobile News
m.chinadaily.com.cn
To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
主站蜘蛛池模板: 欧美一级特黄刺激爽大片 | 怡红院最新免费全部视频 | 亚洲视频 欧美视频 | 99亚洲精品 | 欧美成人性色生活片天天看 | 欧美精品亚洲精品日韩一区 | 国产手机视频 | 日韩黄在线观看免费视频 | 日韩欧美国产精品 | 亚洲系列在线 | 日本草草视频在线观看 | 手机看片高清国产日韩片 | 欧美日韩一级二级三级 | 一级高清毛片免费a级高清毛片 | 精品国产自在在线在线观看 | 亚洲美女在线观看 | 一级做a爱片特黄在线观看免费看 | 国内精品久久久久久久影视麻豆 | 在线精品日韩一区二区三区 | 国产大片在线看 | 亚洲美女综合 | 亚洲 欧美 日韩中文字幕一区二区 | 国产高清成人mv在线观看 | 国产嫩草影院在线观看 | 成人毛片手机版免费看 | 久久精品一区二区影院 | 国产激情视频在线播放 | 日本欧美高清 | 国产亚洲精品资源一区 | 99久久精品国产综合一区 | 精品国产一区在线观看 | 国产高清精品毛片基地 | 中文字幕亚洲欧美 | 真人一级毛片国产 | 私人玩物福利视频 | 久草视频手机在线观看 | 色综合夜夜嗨亚洲一二区 | 午夜宅男在线永久免费观看网 | 全部aⅴ极品视觉盛宴精品 全部免费a级毛片 | 一级特黄aaa大片在线观看 | 日韩在线高清视频 |