This year, the cumulative issuance of real estate bonds decreased by 20% year-on-year, indicating a possible policy turning point.
Tail risk mitigation, configuration plate can seize the secondary securities selection opportunity.
Daily real estate industry dynamics summary (2024-11-11)
According to the data from the People's Bank of China, at the end of the third quarter of 2024, the balance of RMB real estate loans was 52.9 trillion yuan, a decrease of 1% year-on-year. Among them, the balance of RMB real estate development loans was 13.79 trillion yuan, an increase of 2.7% year-on-year, with a growth rate 1.2 percentage points higher than the end of the previous year, increasing by 638.5 billion yuan in the first three quarters. The balance of personal housing loans was 37.56 trillion yuan, a decrease of 2.3% year-on-year.
The 10 trillion debt-to-equity swap is here! A-shares are expected to strengthen, these sectors may benefit.
On November 8th, the 12th meeting of the 14th National People's Congress Standing Committee (hereinafter referred to as the "meeting") concluded. The meeting reviewed and approved the most significant debt-to-equity swap measures in recent years, attracting high market attention.
First-time home loan interest rates in cities such as Hangzhou, Nanjing, and Suzhou have returned to the "3" level. The interest rate for provident fund loans may be even further reduced due to inversion.
Hangzhou, Nanjing, Suzhou and other places have successively adjusted mortgage interest rates. Industry insiders believe that in the current stabilization trend of the real estate market, cities raising the lower limit of mortgage interest rates have a certain significance as an indicator.
Daily real estate industry updates summary (2024-11-07)
A bank of china employee in the Guangzhou area told reporters that the branch has received a notice stating "the new mortgage interest rate shall not be lower than 3%". Starting from November 7th, the new mortgage interest rate in the Guangzhou area will be implemented at 3%.
Daily real estate industry dynamics summary (2024-11-06)
Recently, the China Banking and Insurance Regulatory Commission and the Ministry of Housing and Urban-Rural Development jointly held a training session on expanding the scope and improving the effectiveness of policies for the "white list" projects in the urban real estate financing coordination mechanism.